Project timelines 20 August 2010

PROJECT TIMELINES Update 20 August 2010 Minotaur Exploration Limited ACN: 108 483 601 ASX: MEP

Project Timelines MINOTAUR EXPLORATION PROJECT Location Type Sept Oct Nov Dec Cobequid Nova Scotia IOCG Geophysics Drilling Lab Assays Report Target Bass River Nova Scotia Magnetite Geophysics Drilling Lab Assays generation Cloncurry Qld IOCG Geophysics Drilling Drilling Lab Assays Aphrodite SA IOCG Drilling Lab Assays Lab Assays Report Border SA Base metals Geophysics Drilling Drilling Lab Assays Mutooroo SA Magnetite Geophysics Drilling Drilling Lab Assays Product Off Take Poochera SA Kaolin Marketing Marketing Speciﬁcation discussions Start CSIRO ISL Regional Regional CSIRO ISL Study Tunkillia SA Gold Study Biogeochem Biogeochem ends Louth NSW Base Metals Drilling Lab Assays Interpretation Report www.minotaurexploration.com.au Page 1

Project timelines 20 August 2010

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