Carpentaria Exploration Ltd : New JV strengthens CAP’s Braemar Iron holdings.pdf

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10th January 2012

ABOUT CARPENTARIA:

ASXA N N O U N C E M E N T

New JV strengthens CAP's Braemar Iron holdings HIGHLIGHTS

Carpentaria is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company currently has interests in iron ore, tungsten, tin, gold, copper and nickel exploration projects.

CAR PE NT AR IA' S AIM:

With a strong geo-scientific team discover and build a strong cash flow generating mining operation.

DISCOVERIES TO DATE:

Hawsons Iron Project - NSW Euriowie Tin Project - NSW

Capital Structure:

Ordinary Shares 98,991,301

Major Shareholders:

Conglin In't Invest' Group 10.6% Atlas Iron Limited 8.7% Mr. Conglin Yue 3.7% Management, Including

Unlisted Options 12.3%

Financial

Cash and deposits on hand as at 10/01/12

A$9,223,120.57

Level 6, 345 Ann Street

Brisbane Queensland 4000

PO Box 10919 Adelaide Street

Brisbane Queensland 4000

e-mail: [e-mail]

For further information contact: Nick Sheard

Executive Chairman

Phone: [phone]

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