Kangaroo Metals Limited

The Australian share market ended higher on Friday, led by banking stocks. The benchmark S&P/ASX200 index rose 62.4 points, or 1.66 per cent, to 3,818.1, while the broader All Ordinaries index gained 59.4 points, or 1.58 per cent, to 3,813.3.

The Board of directors of Kangaroo Metals Limited (ASX:KML) is pleased to announce that it has entered into a Heads of Agreement with Alexis Minerals International Pty Ltd (Alexis) that will give KML the option to enter into a Joint Venture in relation to its sought after Bara Pratama (BP) and Mitra Bara Karya (MBK) projects in Indonesia (Projects).

As advised by ASX on Tuesday, 26 May 2009, Kangaroo Metals Limited (ASX:KML) will be reinstated to official quotation today.

Kangaroo Metals Limited (ASX:KML) a diversified exploration and mining company with projects in North Queensland and Tasmania, would like to inform its shareholders of the current position of general operations in North Queensland and Tasmania.

Kangaroo Metals Limited (ASX:KML) wishes to advise that it has signed a new non binding MOU for the sale of some of its assets.

Kangaroo Metals Limited (ASX:KML), a diversified exploration and mining company with projects in North Queensland and Tasmania, would like to inform its shareholders of the current position of general operations in North Queensland and Tasmania.

The Directors of Kangaroo Metals Limited (ASX:KML) are pleased to announced that KML has entered into a non-binding Memorandum of Understanding for the potential sale of a number of KML's assets to a third party.

The Board of Kangaroo Metals Limited (ASX:KML) has accepted an offer by a consortium of investors (Consortium) to recapitalise the Company that will result in sufficient cash being injected into the Company to support the future operations.

Kangaroo Metals Limited (ASX:KML), a diversified exploration and mining company with projects in North Queensland and Tasmania, has commenced the second stage upgrade to the Riverside Alluvial Tin Mine and further exploration of its Tasmanian tenements.

Kangaroo Metals Limited (ASX:KML), a diversified exploration and mining company with projects in North Queensland and Tasmania, has identified further north and south extensions to its Mt Ruby magnetite deposit.