Altura Mining Limited provided earnings guidance for the half year ended December 31, 2012. Net loss is likely to be in the range of $1.7 million to $1.8 million. This compares with the Company's result for the six months ended 31 December 2011 of a loss of $0.5 million.

The increased loss in the current half year is principally due to a foreign exchange loss of $373,000 as a result of a stronger Australian dollar and a lower operating performance in the drilling business during the six months.