MATRIX METALS LIMITED (MRX)

name changed to Caeneus Minerals Ltd

the securities of Matrix Metals Limited (the "Company") will be reinstated to official quotation at the commencement of trading on Wednesday 11 January 2012 following effectuation of the deed of company arrangement and completion of a capital raising

company advises that the offers under its prospectus dated 13 December 2011 have closed fully subscribed and 270,000,000 fully paid ordinary shares and 40,000,000 unlisted options have been issued.

subsequent to shareholders approving the recapitalisation of the Company, the Company's shares have been consolidated on a 1 for 50 basis, and new holding statements were despatched to shareholders on 12 December 2011

the company has today lodged a Prospectus with the Australian Securities and Investments Commission. The following Offers are made pursuant to the Prospectus: • 40,000,000 shares at an issue price of 0.25 cents per share to raise $100,000; • 50,000,000 shares at an issue price of 0.50 cents per share to raise $250,000; • 860,000,000 shares at an issue price of 1 cent per share to raise $1,800,000; and • 40,000,000 unlisted option to each acquire one fully paid ordinary share in the capital of the Company at an exercise price of 0.5 cents each and an expiry date of 31 December 2016 to raise $1,000

company advises that subsequent to shareholders approving the recapitalisation of the Company, the Federal Court of Australia has granted orders to terminate the winding up of the Company - the Company is currently working through various processes to enable it to apply for its securities to be reinstated to quotation on ASX, and is aiming for its securities to be reinstated to quotation in early January 2012

the following resolutions put to the Annual General Meeting of Matrix Metals Limited (subject to Deed of Company Arrangement) (In Liquidation) held on 25 November 2011 were carried on a show of hands: Resolution 1: Adoption of the Remuneration Report for the year ended 30 June 2011 Resolution 2: Re-election of Mr Antony Sage as a director Resolution 3: Consolidation of Capital Resolution 4: Allotment and Issue of Shares and Options Resolution 5: Section 195 Approval Resolution 6: Disposal of Assets Resolution 7: Change of Company Name

Gary Doran and John Greig of Deloitte Touche Tohmatsu have retired as Receivers and Managers of the Company

the Notice of Meeting (Notice) dispatched on 25 October 2011, Matrix Metals Limited (Matrix or Company) is seeking shareholder approval to consolidate the number of shares on issue on a 50 for 1 basis. For the purposes of the ASX Listing Rules, the Company is required to follow a timetable for the share consolidation. The timetable set out in the Notice has been revised

a General Meeting is to be held on 25 November 2011 at 3.30 pm at The Celtic Club 48 Ord Street West Perth Western Australia - this is to consider a proposed restructuring and recapitalisation - If Shareholders reject the Recapitalisation Proposal, settlement of the DOCA will not occur and Matrix Metals will be placed into liquidation, most likely resulting in Shareholders receiving no return for their shareholding

releases 2011 annual report

resolutions put to the Annual General Meeting of Matrix Metals Limited (subject to Deed of Company Arrangement) (In Liquidation) (Receivers and Managers appointed) held on 31 March 2011 were carried on a show of hands

provides Annual Reports to shareholders for 2009 and 2010

ASIC extends period to 31 March 2011 to lodge half-year accounts

an Annual General Meeting is to be held On 31 March 2011 at 3 pm at The Celtic Club 48 Ord Street West Perth Western Australia

extends period to hold AGM to 31 March 2011

the liquidators report that the company has entered into a deed to recapitalise the company - if it proceeds shareholder approval will be sought most likely in ealy 2011

Matrix Metals Ltd sold 6.1 million Queensland Mining Corporation Ltd shares worth $500,200 from October 28, 2010 to November 4, decreasing from 16.5 million shares (5.38%) to 10.4 million shares (3.39%), ceasing to be a substantial shareholder

Matrix Metals Ltd sold 3,297,117 Queensland Mining Corporation Ltd shares for $322,959 from August 25, 2010 to October 5, decreasing from 25 million shares (8.15%) to 21,702,883 shares (7.08%).

Cape Lambert Resources Limited ("ape Lambert" or the "Company") (ASX: CFE) today through its wholly owned subsidiary, Cape Lambert Leichhardt Pty Ltd, completed the acquisition of the Leichhardt Copper Project ("Project") from Matrix Metals Limited (Receivers and Managers Appointed) (In Liquidation) ("Matrix"). Payment on completion amounted to A$6.75M in addition to the deposit of A$1M paid in November 2009

the sale of the White Range Project and associated assets and tenements located around Cloncurry is now complete

in a circular to shareholders, liquidators advise that they are unable to make a loss declaration at this time - they anticipate the recapitalisation of the company - if it occurs it may not be until mid 2011

Matrix has executed an asset sale agreement with Queensland Mining Corporation Limited for the sale of the White Range Project and associated assets and tenements located around Cloncurry, subject to the satisfaction of certain conditions precedent - the Liquidators will now pursue the recapitalisation of Matrix

Queensland Mining Co. Ltd. (ASX: QMN) today announced it has entered into a formal asset sale agreement for the purchase of White Range Project and associated assets and tenements from the liquidators of Matrix Metals Limited - the Agreement with final settlement anticipated by the end of April 2010, is for a purchase price of $5 million and was entered into and completed on 22 nd December 2009

has executed an agreement for the sale of the Mt Cuthbert mine for $8.5m

the company has completed the agreement to sell three EPMs to Deep Yellow for $1.4m

at the second creditors meeting, held on Thursday 18 June 2009, creditors resolved for the Company to be wound up - the Administrators became Liquidators of the Company with immediate effect

the company has executed an agreement to sell three EPMs to Deep Yellow

the company's shares are converted to Issuer Sponsorship

Deloittes advise that the exceptional rainfall has necessitated a move to full care and maintenance at the site

administrators advise that expressions of interest in the assets of the company have been sought by both receivers and administrators - the latter has a closing date for offers of 27 January 2009

provides chairmans address and charts and results of AGM

Justin Welsh and Vincent Smith of Ernst & Young were appointed administrators on 11 November 2008 and Gary Doran and John Greig of Deloittes were appointed receivers over certain assets of the company on 14 November 2008

suspended from quotation following the appointment of administrators