Red Mountain Mining Limited advised that the initial field investigation of EL 33346 has been completed. Preliminary field work commenced on the Charlotte Lithium Project. 4 Pegmatite outcrops mapped over accessible parts of the tenement.

3 pegmatite trends identified in field mapping. Mineral assemblages including oxidized micas and tourmaline observed in hand specimens. Significant portions of the EL33346 tenement remain under explored due to wet season access issues.

Sampling at RMX's USA Lithium Projects has recommenced at Lithic & Mustang The Charlotte Lithium Project, less than 100kms by road from Darwin, N.T, is located within the Bynoe Pegmatite Field. All prospects within the mapped area occur in the western third of the tenement (south from historically mapped pegmatite occurrences). Access to the central and eastern areas of the tenement were restricted by access issues associated with the current wet season.

These areas remain prospective for exploration and will be further investigated during the dry season. Field mapping delineated several out-cropping to sub-cropping occurrences of pegmatite. The pegmatites were generally confined to the ridges within the tenement and trended north-north-west.

The north-north- west strike of the pegmatites conforms with the regional strike of known pegmatite occurrences throughout the region. A strike length of 30m was mapped on outcrop 5, whilst other outcrops were seen to trail off down slope from ridges and were covered by colluvial scree. Interpretation of the outcrops defines 2-3 pegmatite trends currently mapped within the tenement and possibility of further occurrences in the yet unexplored eastern half of the tenement.

The mineralogy of the outcrops is dominated by coarse crystalline quartz with minor to moderate accessory minerals. The accessory minerals, although moderately weathered are seen as micas, tourmaline and possibly minor spodumene. Whilst several trends were defined during the field mapping and sampling campaign, some of the tenement remains unexplored.

During the wet season the central and eastern parts of the tenement were inaccessible and will await the dry season, which is expected to start in the month of May for a follow up program over the entire tenement to occur. Favorable weather conditions at Tonopah, Nevada have now allowed surface sampling & geological mapping to recommence at RMX's Lithic & Mustang Lithium Projects. This latest geological mapping, assay results & interpretation work enables RMX to development its exploration drilling program.