Monaro Mining NL, Annual General Meeting, Nov 30, 2009, at 11:00 EAST-East Australian Standard GST. Location: Level 17, 383 Kent Street, Sydney, NSW 2000, Australia. Agenda: To receive the financial report of the company for the year ended June 30, 2009 together with the directors' report in relation to that financial year and the auditor's report on the financial report; to re-elect Mr. Mart Rampe as director of the company; to ratify previous placement of 15,445,685 fully paid ordinary shares; to authorise placement facility for issue of 23,443,203 fully paid ordinary shares; to consider resignation and appointment of auditor; to approve performance rights plan; to issue performance rights to Mr. Jim Malone; and to adopt remuneration report.

Monaro Mining NL reported Phase One exploration drilling at the Bernard Project in western Arizona, USA that began in mid-July was completed in September. In all, 1,076m (3,530 feet) of drilling was completed in seven holes. With the exception of rotary drilling to install surface casing, NQ core was drilled exclusively on all holes. Hole lengths ranged from 87m (284 feet) in Hole F-6 to 272m (892 feet) in Hole F-2. The objectives of the Phase One exploration drilling program were to confirm the existence of the detachment system at depth, to determine the geometry of the detachment surface, and to obtain geochemical data that would permit better definition of the mineralised system and assist in the targeting of drilling in the next phase of exploration. The company is now awaiting delivery of all assay data to assess the results of the drilling program. The exploration program is being funded by Nevada-based Cristol Enterprises LLC under the auspices of a AUD 5.1 million farm-in agreement with Uranium Company of Arizona LLC.

Monaro Mining NL filed its Dilution calculation (002-001-005002-001006-001) on September 24, 2009 for the period ending June 30, 2009. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.