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July 2010

JUNE 2010 QUARTERLY ACTIVITIES REPORT

JUNE 2010 QUARTERLY ACTIVITIES REPORT

HIGHLIGHTS

o Deep drill intercepts from Dargues Deeps including:

5.7m @ 97.1 g/t gold (3.1oz/t) from 454m

9.9m @ 32.16 g/t Au

12.4m @ 16.35 g/t Au

o Two rigs on site targeting extensions to Main Lode and Bonanza Lode

o JORC resource upgrade expected by Q3 2010

o Application submitted to significantly expand Dargues Mining Lease

o Environmental permitting underway

o Dargues Reef feasibility study to be completed December 2010

o North Monger Project in WA sold for $2.7M cash

Dargues Reef Feasibility Study Continues

Since the 1850s, gold has been an integral part of the Braidwood districtÔÇÖs heritage and
identity. Cortona ResourcesÔÇÖ proposed Dargues Reef mining operation, which has been
five years in the making, presents a major opportunity for the region.

Managing Director of Cortona Resources, Peter van der Borgh believes if the project is
approved, the considerable Capital investment and projected revenues will make it one of
the biggest undertakings the Palerang Local Government Area has ever seen.

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