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Sale of overseas subsidiaries

SALE OF OVERSEAS SUBSIDIARY COMPANIES The Company has reviewed its exploration tenements and has decided to focus on its Australian resources. Accordingly, the companys overseas subsidiaries, Anchor Resources Nouvelle Caledonie SARL, incorporated in New Caledonia, and Anchor Resources Vanuatu Ltd, incorporated in Vanuatu, became available for sale. The Company is pleased to announce the successful sale of these companies to a private investor for $500 each. Yours faithfully Grahame Clegg Company Secretary Anchor Resources Ltd.