Peel Mining Limited

Peel Mining Limited (ASX:PEX) is pleased to report the identification of a strong off-hole EM anomaly at its recent 4-Mile silver-lead-zinc discovery. 4-Mile is located within Peel's 100%-owned May Day-Gilgunnia project (EL7461), about 100km south of Cobar, NSW.

Peel Mining Limited (ASX:PEX) is pleased to report that recent drilling completed at its 100%-owned Apollo Hill gold project has returned numerous significant gold mineralised intercepts, with gold intersected in all drillholes.

In April/May, Peel Mining Limited (ASX:PEX) undertook an 18 line kilometre IP survey over the historic Tulloch silver mine and Rockvale arsenic mine areas in preparation for an upcoming drill programme. Peel is pleased to report that multiple zones of strong shallow chargeable anomalism have been identified, many of which are coincident or proximal to known historic workings. These chargeable IP responses are interpreted as areas of possibly concentrated sulphide mineralisation and will be high-priority targets for future drill programmes.

Peel Mining Limited (ASX:PEX) is pleased to report that recent exploration drilling at the 4-Mile prospect has resulted in the discovery of significant silver-lead-zinc mineralisation. 4-Mile is located within Peel's 100%-owned May Day-Gilgunnia project (EL7461), about 100 km south of the Cobar. The drilling consisted of an east-west line of three RC drillholes at approximately 40m spacing, for a total of 663m, targeting a newly-recognised coincident EM and magnetic geophysical anomaly located within the historic 4-Mile goldfield.

Peel Mining Limited (ASX:PEX) is pleased to report that field activities at its 100%-owned Ruby silver project are now underway with an approximately 15 line kilometre IP geophysical survey covering the Tulloch and Rockvale mine areas commencing this week. This survey is being completed to aid in the delineation of sulphide-bearing quartz-carbonate veins in preparation for follow-up drilling.

Peel Exploration Limited (ASX:PEX) is pleased to announce that it has recently been granted a 21 unit (~60 km2) exploration licence covering the historic Ruby-Tulloch-Rockvale silver-field. EL7711 is located approximately 30 km east of Armidale in north-eastern New South Wales.

Exploration is now underway at Peel Exploration Limited (ASX:PEX) 100%-owned May Day-Gilgunnia Project. Peel considers the May Day-Gilgunnia area to be highly prospective for Cobar-style precious and base metal deposits.

Peel Exploration Limited (ASX:PEX) Peel Exploration Limited (ASX:PEX) is pleased to announce that its recent rights issue to raise approximately A$1.5 million has closed fully subscribed.

Peel Exploration Limited (ASX:PEX) is pleased to announce a maiden resource estimate for the Apollo Hill and Ra deposits within its recently acquired Apollo Hill gold project in the North-Eastern Goldfields of Western Australia.

Peel Exploration Limited (ASX:PEX) is pleased to release Chairman's address to 2010 annual general meeting.