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Indo Mines Ltd - 21/06/2006

Indo Mines Ltd and partner Compass Resources NL have agreed to expedite the purchase of the Nangali epithermal gold project in Peru, which they originally negotiated in June 2004 with a Newmont subsidiary. Indo and Compass will now pay Minera LJB Normandy Peru US$150,000 on execution of the revised agreement terms (previously US$200,000) and will pay a 1.5% NSR production royalty (previously 2%).

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