Current Floats and Capital Raisings

Prospectus offering for investing in Queensland Mining Corporation Limited.

Offer opens 10th January 2008

“Queensland Mining Corporation Ltd (“QMC”) has a vision to become a leading copper, gold and associated cobalt producer in the Cloncurry Region of North West Queensland.”

Investment highlights:

• Cloncurry region, North West Queensland, is an area of proven mineralisation with established mining, processing & transport infrastructure.
• 47 granted Mining Leases that are able to proceed rapidly into production, supported by 5 Mining Lease Applications, 2 Exploration Permits, 4 EPM Applications and 3 Mining Claims totalling 243 sq kilometres.
• Cash on hand $5.2 million.
• Near term cash flow from the Mt Norma copper sulphate and vat leaching operation from existing processing plant.
• EPMA 15706, Morris Creek project abuts to the south and west of the Cudeco Ltd owned Rocklands extended project containing important copper, gold and cobalt discovery and adjoining the eastern boundary of the Xstrata Ltd’s Chum Project.
• A well qualified and experienced Board of Directors and Management team.

QMN is now seeking to raise up to $20 million (40 million shares at 50 cents each) via an IPO and list on the ASX. The funds raised will be applied to the exploration budget, issue costs,administration expenses and working capital for the Company.

The Offer opens on 10 January 2008 and is scheduled to close 5.00pm on 15 February 2008, unless the Board decides to close the Offer earlier. Applications can only be made using the Application Forms attached to the Replacement Prospectus dated 2 January 2008. Applications must be for a minimum 4,000 shares ($2,000), thereafter in multiples of 1,000 Shares.

For further information please contact John Costa Novus Capital Ltd (AFS Lic.238168)

Important: You must contact us for more information or the number of shares required by mid-day, Monday 25/02/2007. You can , or call either 0405 235 276 or 07 5574 3880.