Fortbridge Media Release

Transit Holdings [ASX: TRH] - MOU with the Bureau of Land Management (USA)

Transit Holdings (ASX: TRH) announces that its 90% owned joint venture vehicle K2O Utah LLC has executed a Memorandum of Understanding (MOU) with the United States Bureau of Land Management concerning exploration for potash on Federal Lands on the Paradox Basin Potash Project.

The MOU establishes an understanding between K2O Utah and the BLM regarding respective responsibilities, procedures to be followed, and conditions to be adhered to for the exploration and leasing of the potash resource that may exist within the prospecting area of interest on Federal Lands in the Paradox Basin. The MOU provides clarity and guidance for the approval process relating to K2O�s intention to drill 4 exploratory core holes on federal lands. This MOU has a schedule of six months for the BLM to publish a final Environmental Assessment (EA) with a decision record (DR) and findings of no significant impact (FONSI). This six months period is a mutually agreed schedule which is dependent on a number of factors including the completeness of the documents lodged with the BLM, and technical and legal acceptability including a final approval from the BLM.

K2O Utah will work diligently to comply with the MOU�s requirements in order to have the opportunity to further develop this significant potash opportunity.

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
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