NOW CLOSED - OVERSUBSCRIBED -  $5.5 MILLION RAISED

Macquarie Harbour Mining Limited (MHM) is a diversified resources exploration company, providing:

• Exposure to gold, tin ,copper, nickel, zinc, iron ore, silver & PGM’s.
• Early income opportunities from gold and tin projects – gold grades up to 90g/t, tin grades up to 11.6kg/m3.
• 100% owned tenements, all within two of Tasmania’s most prospective and historic mining regions, the North East and the West Coast, including 68km of the highly prospective Mount Read Volcanics.
• Processing expertise, yielding excellent opportunities for JV, acquisition and additional income.

MHM will drill its gold targets with a view to extending numerous old gold mines that fall along a ten kilometre strike length. Many of these mines stopped in high-grade ore, often due to either water inundation or the occurrence of sulphidic ore. Modern methods have resolved these difficulties.  The style of mineralisation supports open-pit style processing.

The NE tenements also include thirteen old tin mines over an area of 75km2. These mines and the areas immediately surrounding them provide the Company with the opportunity to develop substantial deposits of alluvial tin.

The tenements on the West Coast of Tasmania cover extensions to the highly prospective Mt Read Volcanic Belt. This belt hosts world-class deposits and continues to demonstrate its potential with significant new discoveries. The MHM tenements in this region have 14 identified prospects for gold, copper, nickel, zinc, iron ore, tin, silver and platinum group metals.  MHM will target significant “company making” size deposits (Mt Lyell/Rosebery/Hellyer/Que River/Henty/Avebury proportions) for resource development.

MHM is now seeking to raise up to $6m via an IPO and list on ASX. These funds are to be used to supplement existing funds for progressing the exploration and development of the company's tenements. The new capital is to be raised through the Issue of New Shares at 20 cents each. A further issue of entitlement options, on a 1:2 basis, is planned 3 months after listing to all then shareholders. The options will have an application price of 1 cent each, an exercise price of 20 cents and an expiry of 31 August 2012.

The Share Offer opened on 22 October 2007 and is scheduled to close at 5.00pm on 16 November 2007. Applications can only be made using the Application Forms attached to the Prospectus. The minimum application is for 10,000 shares ($2,000) and thereafter in multiples of 1,000 shares ($200). The shares are expected to list on or around 4 December 2007.

All enquiries should be directed to Greg Wood, Managing Director of Sonray Corporate Pty Ltd, telephone (02) 8022 4919 or click here to email.