Whispering Ridge - Site Pictures, Rock sample results and drilling to December 2010

OMODEI MINING ENTERPRISES

BN 18862986

Resources Exploration, Mining, Infrastructure & Development

Whispering Ridge - Site Pictures, Rock Sample Results

and Drilling to December 2010

Whispering Ridge main surface Iron ore body at Anomaly "Zone A" MDL 298

and Anomaly "Zone B" EPM 15896 Location Map

In evaluating an anomaly outside the "Zone A" area, it was found to be exceptionally jarositic (also highly weathered). The results of this rock type are strongly anomalous in Cu, Fe Ni, Sc, V, Zn and moderately anomalous in As, Bi, Co, Cr, Mo. The presence of anomalous Co, Ni and Cr indicate a deep fluid source.

Accurate terrain data collected from SAM Survey Results to show detail DEM comparing work at between MDL 298 and EPM 15896 overlaid on Google Earth Image Boundary-Jurassic captured December 2009 interpreted March 2010 to Sunday Creek captured 2008 interpreted 2009 and Whispering Ridge captured 2007 interpreted 2008

An overlay of drilling holes and sampling Zones A and B at Whispering Ridge compared to Google by ground elevation from GPS acquired as part of Sub Audio Magnetics survey captured by Gap Geophysics

WRD #3 RC Drill Hole Pad and Rig Zone A

WRD #4 RC Drill Hole Pad and Rig Zone A

WRD #6 RC Drill Hole Pad and Rig Zone A

JH #1 RC Drill Hole Pad and Rig Zone B

History and Summary of Pertinent Minerals Exploration Work Surrounding MDL298 which was Accomplished by Previous Holders

From the Shell/BHPB aerial surveys, the Whispering Ridge high grade magnetite outcrops are very subtle; whereas, they can’t be seen on the magnetic contour maps, the ore exists as a large body of magnetite with polarisation points vertical. The December 2009 RC drilling shows it continues to depth in a southwest direction; further step back drilling will define the true depth and size. The Gap Geophysics Australia Pty Ltd sub-audio magnetics (SAM) data shows the potential of the continued southwest trend of the ore body. This area (identified by SAM data) heads into the adjoining anomalies identified by Shell as Zone D (Shell anomalies 5, 6 and 7) and their RAB drilling results reflect areas of very high magnetic susceptibility. This Shell Zone D extends northwest to include Shell anomalies 8 and 9, known as “Chips Monster” and is also verified by the 2005 Aerial Survey flown by BHPB. Magnetic susceptibility is used by mining companies as the “major marker for the identification of high grade magnetite for use in coal washing”.

Shell Australia was exploring for tin and tungsten, not iron. However, from the individual RAB hole drilling data showing “Geological description/information and samples collected by Pilbara Labs”; the magnetic susceptibility was described at each hole by anomaly as reported by them in 1982. Susceptibility readings to a depth of 7 metres reached as high as 600 in Anomaly 6 and to a depth of 24 meters as high as 450 in Anomaly 7. Further detailed evaluation of these works is being carried out in order to redrill these anomalies to depth for iron, together with the Shell drilling north of Sunday creek and to the west of Boeing and Conical hills.

Extract of Shell Targets 6 and 7 surrounding the Whispering Ridge area from the Shell Company of Australia Limited, Metals Division from QDEX records 11601 Sheet No. 2 detailing geology of Sunday Creek including location of RAB drilling holes completed in 1982.