🕐28.04.10 - 03:46 Uhr

Monaro Mining [ASX: MRO] - Company Update



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Monaro Mining [ASX: MRO] - Company Update

Monaro Mining NL (ASX: MRO) updates the market and announces that its strategy of acquiring proven good economic grade mineralization properties has resulted in it acquiring 12 new uranium leases in the �Texas Uranium Belt�, a previously explored and well delineated area in the south east of the state.

Highlights:

� Monaro Mining secures uranium lease prospects in Texas Uranium Belt
� Initial exploration target of 4 million pounds.
� Recent transaction in New Mexico underlines value of Rio Puerco project
� Name Change to Reflect New Emphasis
� US roadshow and ADR program update
� Sale of Carbeck

Please find details in the attached announcement, and also see the Companys presentation featuring its new name, AusAmerican Mining, by visiting:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01058338

For further information, please contact:

Executive Chairman: Jim Malone, +61419537714 or on

Investor & Media Enquiries: Fortbridge � Bill Kemmery, +61 2 93310655, +61 400 122 449 or

US Investor relations Manager: Peter Barnes, +1 646 269 3073


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