Fortbridge Media Release

Transit Holdings [ASX: TRH] - Update on Drilling Operations at the Paradox Basin Project

Transit Holdings Ltd (ASX: TRH) has released an update on drilling operations at its Paradox Basin Project (San Juan County, Utah, USA).

Drilling at State Hole #1 well, as at 9am, 5 October 2011 (WST), had entered the salt formation at 4,765� feet of depth.

Current Activity: Drilling to primary objectives of the potash bed 13 and bed 18 at approximately 6,000 feet.

The plan is to �core� the potash bed 13 and bed 18 prior to reaching total depth estimated at 6,025 feet.

Transit has earned 90% of the Paradox Basin Potash Project which covers applications for 365 sqkm of highly prospective potash permits in the Paradox Basin in south eastern Utah.

The companys focus is on sylvinite, a high grade form of potash ore that is cheaper and more effective to process to a saleable form than any other form of potash ore.

More about the project can be found in the attachment.

For further information, please contact:

Ananda Kathiravelu
Chairman
Transit Holdings Ltd

Tel: +61 8 9482 0515

Media & Investor Enquiries:
Fortbridge Consulting
Tel: +61 2 9331 0623
Peter- John Lewis
Mob: +61 416 290 604
Email: