Aurium Resources Limited

Padbury Mining Limited (ASX:PDY) and Aurium Resources (ASX:AGU)("the JV Partners") are pleased to announce more highly encouraging results from the recent DSO evaluation drilling program at the Telecom Hill East and Mt Padbury target areas at the Peak Hill Iron Project Joint Venture ("JV" or "Project").

Padbury Mining Limited (ASX:PDY) directors submit the financial report of the consolidated entity for the half-year ended 31 December 2011.

Padbury Mining Limited (ASX:PDY) and its Joint Venture partner Aurium Resources (ASX:AGU) have appointed CSA Global to carry out a pit optimisation and mine planning study for its flagship Peak Hill Iron Project in Western Australia's Mid West region.

Joint Venture partners Padbury Mining Limited (ASX:PDY) and Aurium Resources (ASX:AGU) are pleased to announce highly encouraging results from the recent DSO evaluation drilling at their flagship Peak Hill Iron Project in Western Australia's Mid West region.

Joint Venture partners Padbury Mining Ltd (ASX:PDY) and Aurium Resources (ASX:AGU) are pleased to advise completion of the diamond core drilling program started in November last year at their flagship Peak Hill Iron Project.

Padbury Mining Ltd (ASX:PDY) and Aurium Resources Ltd (ASX:AGU) have finalised merger negotiations with the signing today of a binding Scheme Implementation Agreement.

Padbury Mining Ltd (ASX:PDY) and JV partner Aurium Resources Ltd (ASX:AGU) are pleased to advise that diamond core drilling has recommenced at the Peak Hill Iron Project's Telecom Hill prospect following the Christmas holiday break.

Padbury Mining Ltd (ASX:PDY) announced that Padbury and Aurium Resources Ltd (ASX:AGU) had entered into formal, good faith negotiations on a possible merger between the two companies. The agreement governing the negotiations provided for a 60 day exclusivity period.

Padbury Mining Limited (ASX:PDY) and JV partner Aurium Resources Ltd (ASX:AGU) are pleased to advise that drilling has started at the Peak Hill Iron Project's Mt Padbury prospect. The first hole was completed yesterday.

Padbury Mining Ltd (ASX:PDY) and Aurium Resources Ltd (ASX:AGU) have entered into formal, good faith negotiations on a possible merger between the two companies.