OZ Minerals Limited Presents at 2010 Australian Copper Conference, Mar-25-2010. Venue: Sofitel Brisbane Central Hotel, 249 Turbot St, Brisbane QLD 4000, Australia. Speakers: Terry Burgess, Chief Executive Officer and Managing Director.

OZ Minerals Ltd. has made joint venture with Azure Minerals Limited. Under the deal announced, OZ Minerals can earn a 70% interest in Azure's San Eduardo project in Sonora by spending $13 million on exploration. The project is considered prospective for copper with associated lead and zinc mineralization. OZ Minerals will spend $3 million over the next three years to earn a 51% stake in the project and can earn an additional 19% interest by spending a further $10 million. The deal will provide a much-needed financial boost to Azure, which had only $1.2 million in cash and cash equivalents at the end of December and posted a first half loss of $1.25 million.

OZ Minerals Limited announced consolidated earnings results for full year ended Dec 31, 2009. For the year, the company reported revenue of AUD 1,373.4 million, EBITDA of AUD 478.2 million, EBIT of 235.6 million, net profit after tax (before loss on sale of discontinued operations) of AUD 94.4 million, net loss after tax of AUD 512.4 million, net cash inflows from operating activities of AUD 176.6 million, amount spend on payments for property, plant and equipment of AUD 301.8 million.

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