Metalsearch Limited announced that the XRF results of the -20um fraction for the first three drill holes at Abercorn have been received. Geochemical samples were submitted to ALS Global for analysis and spectral mineralogy determinations. The spectral data has been received with very encouraging results: · The mineralogy is dominated by highly crystalline kaolinite, with minor medium crystalline kaolinite, illite/muscovite, montmorillonite and K-alunite. The highly crystalline nature of the kaolinite indicates the alumina content will be high with negligible lattice distortion due to other element substitution for aluminium and silicon. This may explain why the Abercorn kaolinite in testing to date appears amenable to the Company's proprietary HPA process as well as the traditional chloride HPA process. Drill hole ABAC25 was drilled to a total depth of 25m with 21m @ 30.1% Al2O3 from 0m to 21m and no overburden. Drill hole ABAC53 was drilled to a total depth of 48m and with 20m @ 30.0% Al2O3 from 0m to 20m and no overburden. Drill hole ABAC56 was drilled to a total depth of 42m and with 17m @ 30.0% Al2O3 from 0m to 17m and no overburden. The drilling indicates that there is a 20m thick surficial zone of relatively pure highly crystalline clay with up to 10% free very fine to medium grained quartz. The quartz will be readily removed during the operational process. The potassium in this layer is commonly hosted by alunite not illite. Drill hole ABAC25 was drilled around a satellite target centred on a previously drilled hole CK3 in 2007, ~2km south of the main prospect area. The excellent results from hole ABAC25 give encouragement that this area can be expanded significantly. Drill holes ABAC53 & 56 were drilled within the main prospect indicated by the 2007 program. The consistent nature of the surficial 20m thick horizon of excellent quality kaolinite is highly encouraging. ABAC53 & 56 are located ~900m NNW of the high quality historical hole (CK14) which intersected 25m of high-quality kaolin, confirming the large scale potential of the Abercorn Project. Additional drill holes nearby are mineralogically similar. Below the surficial 20m thick kaolinite horizon there are varying thicknesses of kaolinitic clays with subordinate montmorillonite and illite. The kaolinite is generally high quality, but the effect of these other minerals will be further evaluated. It is believed that the mineralogy and chemistry (K, Fe, Ti, Mg) should be able to be conducive to the proprietary in-house process currently being developed. The Company completed a 62-hole Air core drilling program on the Abercorn Project with depths ranging from 23 metres to 51 metres, for an average depth of 38 metres and a total of 2,358 metres drilled. The total number of holes drilled into the Project is now 86 for a total of 3,172m. The Abercorn Project has previously produced 99.99% Al2O3 (4N HPA). The Company is encouraged by the positive intersections throughout the drilling program of what appears to be high quality kaolin, of the form which the 2007 drilling showed is host.