Further to its announcement on May 10th 2010, West African iron ore explorer and developer, DMC Mining Limited wishes to advise Shareholders that they should continue to TAKE NO ACTION at this time with respect to Cape Lambert Resources Limited’s revised unconditional takeover offer of USD 0.50 per DMC Share

DMC is currently in discussions with Meijin Energy Group Limited with respect to its competing conditional off-market takeover offer of $0.50 per DMC Share.

Until such time as those discussions are concluded, the DMC Board of Directors recommends that Shareholders TAKE NO ACTION at this time with respect to the Cape Lambert Offer.

The DMC Directors will provide Shareholders with a recommended course of action once discussions with Meijin are complete.

Mr David Sumich MD of DMC noted that “The DMC Directors consider it prudent to advise Shareholders to TAKE NO ACTION at this time with respect to the Cape Lambert Offer as discussions with Meijin on the Meijin Offer are still underway. We would like to highlight to Shareholders that the Cape Lambert Offer is open until June 25th 2010 so there is sufficient time to fully explore discussions with Meijin.”