Indochine Mining Limited

Indochine Mining Limited (ASX:IDC) has finalised the acquisition of the circa 2 million ounce Mt Kare Gold/Silver Project in Papua New Guinea. A A$16 million private placement of shares at A$0.30 per share to undertake the Bankable Feasibility Study over the project was oversubscribed and shareholders will be offered a Share Purchase Plan at the same price.

Indochine Mining Limited (ASX:IDC) has discovered a new area of gold-bearing quartz veins within the Kratie North Project in central Cambodia.

Indochine Mining Limited (ASX:IDC) progressed its option to acquire the Mt Kare Gold Project in Papua New Guinea (PNG). The payment of approximately A$4 million by Indochine to Summit Development Limited (Summit), a private PNG company, was made as a secured loan, as set out in the Company's announcement of 30 December 2010. Finalisation of contractual arrangements with the remaining parties with an interest in the Project are planned to be completed within the next 21 days, at which point full details of the transaction will be provided.

Indochine Mining Limited (ASX:IDC) has progressed plans to acquire the potentially world-class Mt Kare Gold Project in Papua New Guinea following ministerial approval for the transfer and extension of the project's exploration license EL1093.

Indochine Mining Limited (ASX:IDC), which has the largest package of gold/ copper leases in Cambodia, is expanding its exploration program with a focus on its Kratie North project. The company has identified the potential for a gold mineralised system at Kratie North and a groundbased geophysics survey will be followed immediately by a drilling program.

Indochine Mining Ltd provides an opportunity to watch a video presentation of Mr. Stephen Promnitz, CEO Indochine Mining Ltd (ASX:IDC) who talks about the listing , its two key projects and long term ambitions at this link.

Australian Market Report of December 9, 2010 includes: Indochine Mining Limited (ASX:IDC) began trading on Australian Stock Exchange today; CNOOC is to invest A$50m in Exoma Energy Limited's (ASX:EXE) Queensland Coal Seam Gas and Shale Gas Projects; Cockatoo Coal Limited (ASX:COK) today updated the current JORC Resources for Bowen projects; Quest Petroleum NL (ASX:QPN) has began drilling on the Marian Baker #1 well.

Indochine Mining Limited (ASX:IDC), a large-scale gold and copper explorer with the largest package of mineral leases in Cambodia, began trading on the Australian Securities Exchange today.