Qmastor Limited

Asian Activities Report for September 23, 2011 includes: Redstone Resources Limited (ASX:RDS) has received significant drilling results from its wholly owned Tollu Copper Nickel project in Western Australia; Blackgold International Holdings Limited (ASX:BGG) has signed an agreement to acquire a coal mine in China; QMASTOR Limited (ASX:QML) says today that the company's Algosys Metallurgical Accountant(TM) software has been contracted to be installed by a large copper project located in Central East Asia; Alloy Resources Limited (ASX:AYR) has commenced a 3,500 metre air-core drilling program at its Horse Well project in Western Australia; Larsen & Toubro Limited (BOM:500510) has signed a USD 15 million Engineering, Procurement and Construction Contract in Oman for setting up a green field project.

Largest QMASTOR's (ASX:QML) shareholder Microequities Asset Management has rejected the proposed off market takeover bid for ASX mining software developer QMASTOR Ltd by US based Triple Point Technology Inc.

Microequities Rising Star Conference will be WebCast from 9:30 am Sydney Time live for the Radisson Plaza Hotel on Tuesday 21 June, 2011. Microequities is a specialised Microcap asset manager. Established in 2005 as an independent investment research house devoted to Microcaps. Microequities expanded into funds management in early 2009 by launching its flagship Deep Value Microcap Fund.

Microequities will be holding its annual "Rising Stars" Micro Cap conference on June 12th at the Sydney Hilton. The event will continue to focus on presenting profitable growing industrial companies in Australia's fertile equity market. This year's conference brings together some exciting companies from an array of industries, including Software, Mining services, Telecommunications, Media and Packaging.

The Directors of QMASTOR Limited announce the signing of a major contract with Rio Tinto Australia for the provision of its Pit to Port.net and SMS3D.net systems for installation throughout Rio Tinto's coal operations in Australia. This is the largest contract secured to date by QMASTOR with a record revenue value spread over three years.