? UMACO Australia Pty Limited - UCOVALE HOLDINGS Pty Ltd - Joint Venture

The UMACO Australia Pty Ltd CEO/Chairman, Warren Geary, has announced a new golden era for mining in Queensland with the signing of a multi-billion-dollar Joint Venture with an Israeli/Portuguese consortium, who will commence operations in the Charters Towers Region and extend to Central and Northern Queensland and PNG. Warren Geary and his Board are delighted with the resulting long-term partnership which promises to secure the future of the Company for the coming decades and will allow the visionary plans of an emerging gold producer to become a major mining venture partnership.

We welcome a new member, Paula Salgado as Executive Director - Financial Administrator. Paula is an executive and shareholder on the Board of UCOVALE Holdings Pty Ltd, and will work to develop a consortium with UMACO AUSTRALIA as a coalition providing advice and financial integration services with the UMACO Australia Pty Ltd Board of Directors.

Ms Salgado brings her extensive strategic business, finance, investment communications, international relations and trading experience to the Board. For more information please please click here.