Traka has secured rights to the advanced Mt Cattlin Gold Project by agreeing with Galaxy Resources Limited (Galaxy) to exchange Traka's Free Carried 20% interest in the Mt Cattlin North Tenements for 100% of the gold and other mineral potential (excluding pegmatite minerals) on the tenement area.

Prior to the focus on lithium and other pegmatite minerals the Mt Cattlin North Tenements had a long history of gold mining and exploration. After decades of inactivity this now represents an excellent advanced gold project. What was originally turn-of-thecentury prospector-scale activity on 18 separate mines (Reported production of 23,006 tonnes @ 24.56 g/t Au (1)) has, with modern day exploration and improved gold prices, become a rare opportunity for substantial up-scale. There are kilometre-long mineralised shear zones and quartz-veined intrusives with high grade gold shoots and numerous drillhole intersections that present targets for immediate follow-up.

Traka acquired the tenements and recommenced exploration for gold in 2004(2) after years of inactivity following work by Metana Minerals NL and a few other parties in the 1980s and 1990s. Traka confirmed the excellent scope of the project, but a gold price in the low US$400s made this project a marginal opportunity at the time. With the gold price now much higher the opportunity is substantially improved.

Contact:

Patrick Verbeek

Tel: (+61) 8 9322 1655

Fax: (+61) 8 9322 9144

Web: www.trakaresources.com.au

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