(ASX Code: AUQ)

Alara successfully completed a $10 million IPO capital raising on 9 May 2007 (by the issue of 40 million shares at $0.25 per share) and its shares commenced trading on the Australian Securities Exchange (ASX) on 24 May 2007.

Alara Resources Limited (ASX Code: AUQ) is an Australian-based mineral exploration and development company undertaking an on-going investigation of a number of prospective opportunities in the resources sector throughout the world.  Alara has a current portfolio of early-stage exploration projects in Peru and Australia (Northern Territory and Western Australia) as follows:

Alara is in a relatively sound position holding cash (and investments in listed securities) of $6.1 million as at 30 June 2010 and is continuing to look for high priority/value opportunities within the resource sector.  Alara has reduced exploration expenditure on its existing early-stage exploration projects. 

Alara has reviewed and discounted a number of exploration opportunities and is currently in negotiations with vendors/Government authorities in relation to the acquisition/grant of one or more overseas resource projects. 

The Alara Board comprises members with extensive experience in the resources and capital markets sectors, being Managing Director, Mr H. Shanker Madan, an experienced senior geologist with more than 30 years of world-wide experience in the exploration and evaluation of mineral deposits for various commodities, Executive Director, Mr Farooq Khan who has extensive experience in corporate law, the securities industry, capital markets and the executive management of ASX listed companies and recently-appointed (26 October 2009) Executive Director, Mr William Johnson, who brings a considerable depth of experience in business strategy, corporate finance and management.