Silver Swan Group Limited

Emu Nickel NL (ASX:EMU) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.

Emu Nickel NL (ASX:EMU) is pleased to provide to shareholders the June 2009 Quarterly Report which provides a summary of the progress made by your company during the quarter. Highlights include: Joint venture area expanded to 273sq km. New uranium targets in paleochannels. New high-tech EM survey in progress at the Binti Gossan Zone with further drilling anticipated later in the year.

A review of historical information on Emu Nickel's (ASX:EMU) joint venture with Windy Knob Resources Limited (ASX:WKR) at Austin (EMU ASX Release 12 March 2009) has identified strongly anomalous zinc values reported in an old aircore drill hole on one of EMU's target areas within the joint venture tenements.

Yesterday, the Australian market slumped for the third consecutive session as investors locked in gains from recent rallies. The benchmark S&P/ASX200 index was 58.4 points, or 1.47 per cent lower, at 3,904.1 points, while the broader All Ordinaries index fell 53.7 points, or 1.36 per cent, at 3,904.2 points.

Silver Swan Group Limited's (ASX:SWN) Austin base metal discovery in Western Australia continues to grow. Substantial new copper and zinc zones have been intersected in recent diamond core drilling at Austin further enlarging the volcanogenic massive sulphide (VMS) Cu-Zn-Ag-Au -bearing deposit.

As Emu Nickel NL (ASX:EMU) recently announced (EMU ASX release 22 April 2009), interpretation of previous drilling results has identified new exploration targets at the Binti Gossan Zone. The geological and geochemical trends in the ultramafic komatiite host suggest that the channel facies of the ultramafic plunges to the north, and not to the south as previously thought.