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Acquisitions

Amadeus Energy Ltd

2/4/03

Through its 100% owned USA subsidiary, Amadeus Petroleum Inc, has executed a contract with Dallas based Gruy LLC to acquire a 11.25% working interest in a gas exploration prospect located in Lago Prospect, Lea County, New Mexico. The leasehold area covers a total of 1,520 gross acres.  Amadeus has been contracted to spend $US97,200 for leasehold options and 3-D seismic data, in order to earn an 11.25% working interest.

IGM Group Ltd

2/4/03

Has entered into an agreement to purchase the Kosoko Gold Project situated in Guinea for 38,000,000 fully paid ordinary shares in IGM issued at the price of $0.012 per share.

Reed Resources Ltd

1/4/03

Acquires Titanium-Rich Barrambie Deposit, south east of Meekatharra. Reed finalised the 100% acquisition of Mining Lease M57/173 from Precious Metals Australia Ltd and Magnum Properties Pty Ltd for a consideration of $110,000 cash and 750,000 Ordinary Shares in Reed Resources.

SDS Corporation Ltd

7/4/03

All necessary conditions precedent have been satisfied for the acquisition of the Mining Division from Nautronix Ltd. Settlement was scheduled for 10.00am (WST) on April 7, 2003 in Perth.

Tennyson Networks Ltd

3/4/03

Have signed the sale and purchase agreement enabling Tennyson to acquire the Data Services division of Ericsson New Zealand.

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