Midas Resources Limited is a West Australian based company with a
significant gold project at Lake Carey south of Laverton. The Company also
maintains a targeted generative program looking for "company makers".

Midas has the Fortitude gold deposit in Western Australia at Lake Carey
(473,000oz) where AngloGold Ashanti is carrying out a study into a possible
open pit development that would involve treatment of ore at their Sunrise
Dam facility. A commercial agreement would follow-on from the results
of the mining studies.

Midas has also recently entered into a Share Purchase Agreement concerning
Mulga Minerals Pty Ltd, a company that holds Iron Ore tenements in the
Pilbara District, Western Australia. Subject to Due Diligence, Midas intends to
carry out an active iron ore exploration program on the tenements as they
are granted.

The Company is committed to discovery by maintaining an aggressive but
scientifically driven exploration program. The Company also expects that
there will be good opportunities to acquire new projects as other companies
continue to rationalise holdings in 2009.

Midas’ strategy is to focus on our advanced gold project at Lake
Carey and the new Pilbara Iron ore projects and to seek new
opportunities to acquire quality gold, nickel and base metal
projects that have drilled mineralisation or resources and good
exploration upside.

The information within this website as it relates to exploration results,
geology and mineral resources was compiled by Mr. Paul Dunbar who is a
member of the Australian Institute of Mining and Metallurgy. Mr. Dunbar is
a full time employee of the Company and has sufficient experience which
is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Mr. Dunbar consents to the inclusion in this website of the matters based on
his information in the form and context in which it appears.