Region:		Grenville Province, Canada
Commodity:		Au
Project Name & Location:		Grenville
Target Deposit Type & Model:		>1 million ounce intrusion related gold
Land Status:		Regional grass roots at present
Ownership:		Exploration Alliance with Laurentian Goldfields as described below

In August 2007, Australian Mineral Fields formed a strategic alliance with Laurentian Goldfields Ltd. ("Laurentian") in the area of the Grenville Geological Province of eastern Canada. The alliance allows for the completion of early grass-roots exploration for gold and other metals in the Grenville Geological Province of eastern Canada (extending through Ontario, Quebec and Labrador). 

The Company is to provide technical expertise that will provide the basis on which Laurentian will complete first pass exploration geochemistry towards completing applications for ground where results show prospectivity.  On completion of further early phase exploration work within these proposed application areas, the Company and Laurentian will form a separate joint venture for each target area to further explore and, if warranted, develop the target.  Pursuant to the alliance agreement, the Company has the right to identify one of the targets as the Company's priority target and obtain a 75% interest in it, with Laurentian holding a 25% interest.  For all other targets, Laurentian will have an 80% interest and the Company will have a 20% interest. 

As part of the formation of the alliance, Laurentian has issued 250,000 common shares to the Company.  Also, the Company has agreed to analyze data with respect to Laurentian's Maze Lake Property in Nunavut and provide Laurentian with recommendations with respect to prospective target areas.

About Laurentian Goldfields Ltd.

Laurentian Goldfields Ltd. is a private; Vancouver based mining company focused on advancing conceptual and early-stage gold exploration projects to the resource definition stage.  Laurentian is currently funding a $1.2 million exploration program on the highly prospective Maze Lake property in Nunavut, Canada.  Laurentian is also actively pursuing and evaluating a number of quality gold exploration opportunities in Canada.   The Company is managed by a diverse group of proven explorationists and resource-sector financial experts that possess a wealth of international experience.