Queensland Mining Corporation Limited (ASX:QMN) A$3 Million Funding Announcement

Sydney, June 16, 2011 AEST (ABN Newswire) - Queensland Mining Corporation Limited (ASX:QMN) is pleased to announce it has an in principle agreement with Tulla Resources Group Pty Ltd for the provision of a A$3 million loan facility. The parties are currently finalizing the documentation. The funds will be used for working capital, preparation for mining and delivery of copper ore to third party processing plants, implementing the current season's drilling program, upgrading QMC's White Range JORC resource categories and the updating of the Matrix Metals' (ASX:MRX) 2005 feasibility study of the White Range project.

Contact

Richard Hill Director/Company Secretary Queensland Mining Corporation Limited http://www.qmcl.com.au