2iC AND DOWNHOLE SURVEYS DEVELOP STRATEGIC PARTNERSHIP

2iC Australia Pty Ltd and Downhole Surveys Group (DHS) a proud to formally announce that they have entered into a strategic partnership agreement.

The agreement between 2iC and DHS, signed in August 2006, evolved from the recognition that there is a natural synergy between the two companies and that their customers were looking for a combination of the two companies’ mutual strengths, products and services.

DHS are directional surveying specialists, utilising the latest technology to meet the needs of the mineral exploration, mining and drilling industries around the world. For further information about DHS and their range of exclusive survey tools go to www.downhole.com.au

2iC provides core orientation, core logging and other equipment through a global network of service centres, agents and support staff. The company is focused on R&D, designing and commercialising products. With that background, 2iC has a proven ability to find and develop innovative solutions for the unique challenges of the industry. In fact, the company recently launched the innovative new Ezy-Mark Ori-Block™ which replaces the traditional core block and also provides an auditable record of each orientation in the core tray. The record can be analysed at any time.

With this partnership, the two companies will provide customers with one professional, cohesive source for total borehole and core management.

For further information contact:

2iC – Brendan Smyth, Global Marketing Manager

2iC – Chris Holliday, Field Marketing Manager. +61 (0) 8 9456 4188

or

DHS - Ben L'Heureux, Business Development Manager +61 (0) 8 9021 8015