As at the end of Q2 2011, Newgenco Exploration (Fennoscandia) Pty Ltd’s Alliance and Joint Ventures in Finland with First Quantum Minerals reports that:

Drilling continues on regional targets to the north of Kevitsa.

The Alliance continues to field investigate regional targets within Finland.

As at the end of Q1 2011, Newgenco Exploration (Fennoscandia) Pty Ltd’s Alliance and Joint Ventures in Finland with First Quantum Minerals report:

Regional exploration in the area north of Kevitsa is returning encouraging results. Twenty-two geophysical targets have been tested by base of till drilling in 2,400 shallow holes. Several Cu-Ni-PGE anomalies coincident with magnetic features are highlighted. Three targets are currently being tested by diamond core drilling with seven holes completed. Disseminated and net textured magmatic Cu-Ni sulphides have been reported in several holes.

Regional reconnaissance exploration continues.

As at the end of Q3 2010, Newgenco Exploration (Fennoscandia) Pty Ltd’s Alliance and Joint Ventures in Finland with First Quantum Minerals report:

The regional drilling program in Finland moved into a target testing phase with eight prospects in the Kevitsa North project tested by shallow base-of-till drilling. Initial geochemistry results are encouraging and two targets are currently subject to follow up core drilling.

Regional reconnaissance exploration continues.

John Paul (JP) Hunt has been appointed Exploration Manager – Projects for Newgenco’s activities in Scandinavia.

Working closely with project JV partner First Quantum Minerals and its local subsidiary, Kevitsa Mining, JP’s current focus is on the region surrounding the Kevitsa Ni-Cu-PGE deposit in Finland.

Rebecca Sproule will continue to manage regional reconnaissance exploration within the Fennoscandia Ni-Cu targeting Alliance with First Quantum.

As at the end of Q3 2010, Newgenco Exploration (Fennoscandia) Pty Ltd’s Alliance and Joint Ventures in Finland with First Quantum Minerals report:

An extensive field validation program of regional targets has defined 22 prospects for follow up drilling during the coming winter (2010/11).

Regional reconnaissance exploration continues.

In March 2010, Newgenco Exploration (West Africa) Pty Ltd (‘NEWA’) signed a 2-year strategic exploration targeting alliance with TSX- and LME-listed First Quantum Minerals to explore for large magmatic nickel-copper-platinum group element  (Ni-Cu-PGE) sulphide resources across a number of countries in West Africa.

First Quantum is one of the world’s fastest growing copper producing companies with a developing commitment to nickel production through its 100% ownership of the Kevitsa Ni-Cu-PGE deposit in northern Finland and the Ravensthorpe Ni-Co laterite operation in Western Australia.