Sherwin Iron Limited

Mutiny Gold Limited (ASX:MYG) is pleased to announce that, following recent exploration success at the Company's flagship Deflector Deposit, the Company has elected to execute an agreement with Sherwin Iron Limited (ASX:SHD) and Redhill Resources Corp (CVE:RHR) that provides for an extension of time for the next Gullewa acquisition progress payment until 24 August 2011.

Asian Activities Report for April 27, 2011 includes: Ferrowest Limited (ASX:FWL) has completed 1,250 metres of drilling on the Yogi tenements within the Yalgoo Iron Project in Western Australia; Whinnen Resources Limited (ASX:WWW) updated on the acquisition of Chilean copper projects; Sherwin Iron Limited (ASX:SHD) raised A$8.5 million to accelerate the Roper River Iron Ore Project in Northern Territory; West Peak Iron Limited (ASX:WPI) has been granted three iron ore licences in Liberia.

Australian Market Report of October 19, 2010 includes: Crusader Resources Limited (ASX:CAS) is progressing its Posse Iron Ore Project in Brazil; Zamia Metals Limited (ASX:ZGM) Anthony molybdenum mineralisation extends at depth; Prairie Downs Metals Limited (ASX:PDZ) has commenced drilling at Prairie Downs Base Metals Project; Sherwin Iron Limited (ASX:SHD) reported a 40% increase at its Roper River Iron Ore Project in the Northern Territory.

The Australian shares started lower on Friday. Overnight Dow Jones index fell below the psychologically 10000 mark on continued worries about US economic growth. Investors were increasingly nervous ahead of the US government's Friday release second-quarter GDP number. Shortly after the local market opened, the S&P/ASX200 Index was down 0.53 per cent, while the broader All Ordinaries Index lost 0.5 per cent.