Imperial Corporation Limited

Australian Market Report of December 29, 2010 includes: Kangaroo Resources Limited (ASX:KRL) announce A$277 Million acquisition of Indonesian Thermal Coal Project; Dai-ichi (TYO:8750) is to acquire TOWER Australia Group (ASX:TAL) for future development in the Australian Insurance Market; Uran Limited (ASX:URA) has entered into an option to earn interest in near-production Manganese projects in Zambia; Imperial Corporation Limited (ASX:IMP) announced US$60.25 million acquisition of US oil assets.

Peel Exploration Limited (ASX:PEX) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.

Dubai yesterday said it had received US$10 billion in financing from Abu Dhabi to pay part of the debt held by Dubai World and its property unit Nakheel. The news prompted the Australian market into positive territory in late trade. At the close, the benchmark S&P/ASX200 index rose 0.4 per cent, at 4654, after earlier falling as low as 4608.3. The broader-based All Ordinaries index climbed 16.8 points, or 0.4 per cent, to 4668.2.

Peel Exploration Limited (ASX:PEX) is pleased to announce the Company has today completed the settlement of the acquisition of the May Day mining lease (ML1361). All conditions precedent to the settlement have been met. Accordingly, Peel has issued 2,750,000 ordinary shares to Imperial Corporation Limited (ASX:IMP) in consideration for May Day, and paid A$43,000 to the NSW Department of Primary Industries as bond relevant to ML1361.