Manhattan Corporation Limited (MHC or Company) is pleased to report results from its recently completed RC Drilling programme at the Tibooburra Gold Project located in north-western NSW.

Forty (40) Reverse Circulation Drill (RC) Holes (NB0033-0072) were completed for 4,895 metres. Drilling remained focussed on the shallow nature of the mineralisation corridors with all drilling completed less than 200 metres vertically from surface.

Drilling successfully extended the mineralised footprint of the 'Main Zone' to over 600 metres in strike and delineated further mineralisation on the 'Western Lode'. Drilling completed to date, still only covers a small portion of the anomalous area that extends for over 5 km in anomalous soils and 2.8 km in historical workings (Main Zone 1.5km and Western Lode 1.3 km).

About the Tibooburra Gold Project

The current 2,000 km2 Tibooburra Gold Project comprises a contiguous land package of 10 granted exploration licences and four exploration licence application that are located approximately 200km north of Broken Hill. It stretches 160km south from the historic Tibooburra townsite and incorporates a large proportion of the Albert Goldfields (which produced in excess of 50,000 to 100,000 ounces of Au from auriferous quartz vein networks and alluvial deposits that shed from them during its short working life), along the gold-anomalous (soil, rock and drilling geochemistry, gold workings) New Bendigo Fault, to where it merges with the Koonenberry Fault, and then strikes further south on towards the recently discovered Kayrunnera gold nugget field. The area is conveniently accessed via the Silver City Highway, which runs N-S through the project area.

Similarities to the Victorian Goldfields

After a detailed study of the Tibooburra District, GSNSW geoscientists (Greenfield and Reid, 2006) concluded that 'mineralisation styles and structural development in the Tibooburra Goldfields are remarkably similar to the Victorian Goldfields in the Western Lachlan Orogen'. In their detailed assessment and comparison, they highlighted similarities in the style of mineralisation, mineral associations, metal associations, hydrothermal alteration, structural setting, timing of metamorphism and the age of mineralisation, association with I-type magmatism, and the character of the sedimentary host rocks. Mineralisation in the Tibooburra Goldfields is classified as orogenic gold and is typical of turbiditehosted/slate-belt gold provinces (Greenfield and Reid, 2006).

Contact:

Kell Nielsen

Tel: +61 8 9322 6677

Email: info@manhattcorp.com.au

Forward looking statements

This announcement may contain certain 'forward-looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to third party actions, metals price volatility, currency fluctuations and variances in exploration results, ore grade or other factors, as well as political and operational risks, and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any 'forward-looking statement' to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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