Common Contracts

Contract

October 15th, 2009

• Filed
  October 15th, 2009

ASX Release 15 October 2009 BLACK RANGE MINERALS LIMITEDLevel 2 / 675 Murray Street WEST PERTHAustraliaTel: +61 8 9481 4920Fax: +61 8 9226 2027 Contact: Mike Haynes Managing Director E-mail: info@blackrangeminerals.com Tel: +61 8 9481 4920 Directors / Officers: Alan ScottMike Haynes Duncan Coutts Timothy Flavel Issued Capital:638.0 million shares100.3 million options Australian Stock Exchange Symbol: BLR & BLRO KOONENBERRY BASE METAL PROJECT – FARM OUT AGREEMENT Black Range Minerals Limited (“Black Range” or “Company”) is pleased to advise that it has entered into an agreement with Great Western Minerals Limited (“Great Western”), whereby Great Western has the right to earn an interest in the Company’s Koonenberry Base Metal Project in New South Wales by managing and funding further exploration at the project. The agreement concerns the Company’s exploration licences EL6400 and EL6464 in NSW (the “tenements”), covering approximately 600km2. A summary of the terms are: i. Great Western