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GARNET INTERNATIONAL RESOURCES PTY LTD ACQUIRES 100% OF GMA GARNET

We are very pleased to advise that with effect from 31st March 2005 Garnet International Resources Pty Ltd (GIRL) acquired the remaining interest in GMA Garnet Pty Ltd to take 100% ownership.

This exciting development will further enhance efficiencies at GMA Garnet and strengthen our global marketing and distribution network to cement GMA Garnet as the world’s leading producer of the highest quality Garnet Abrasives.

The GMA Group sells GMA Garnet, the world’s most popular blast cleaning and waterjet cutting abrasive, from it’s advanced mining and processing facilities in Western Australia, through a dedicated and professional worldwide distribution network and strategically located warehouses. The group prides itself on a complete understanding of the blast cleaning and waterjet cutting industries and offers customers extensive technical support as well as a full range of blast cleaning equipment and waterjet cutting spare & wear parts.

We look forward to your continued cooperation and assure you of our best support.

GARNET INTERNATIONAL RESOURCES PTY LTD
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