• Recoveries improving
• April mill availability 91%
• Zinc and Copper concentrate shipments

Jabiru Metals Limited (“Jabiru” or “the Company”) (ASX Code: JML) requests an immediate trading halt be put on its securities, pending an ASX announcement regarding a proposed capital raising predominately to fast track exploration programmes and feasibility studies of its base metals projects.

Jabiru Metals Limited (“Jabiru” or “the Company”) (ASX Code: JML) requests that its Securities be suspended from official quotation immediately pending an announcement to the market regarding a proposed capital raising predominately to fund the fast tracking of exploration programmes and feasibility studies of its base metals projects.

Jabiru Metals Limited (“Jabiru” or “the Company”) (ASX Code: JML) requests an immediate trading halt be put on its securities, pending an ASX announcement regarding exploration results from the Teutonic Bore.

• Stockman drilling Work Plan approved
• Diamond drilling to commence early May

Jabiru Metals Limited is pleased to announce that diamond drilling has commenced at the Stockman Project located in north-eastern Victoria.

• Second hole at Bentley has intersected two zones of copper zinc-rich massive sulphide mineralisation
• 2.9 metres of copper-zinc-rich semi-massive to massive sulphide encountered down-plunge from Bentley discovery intercept (~2.5 metres true width)
• Additional 6.5 metres of copper-zinc-rich massive sulphide encountered higher in the same hole (~5 metres true width)
• Bentley mineralisation remains open in all directions
• Diamond drilling programme is ongoing

The Board of Jabiru Metals Limited advises that at the Annual General Meeting of Shareholders held today all resolutions were passed on a show of hands.

Highlights

• Jaguar concentrates shipped
• First revenue achieved
• Concentrate grades on target
• Underground development on target
• Underground ore production on schedule
• Concentrator commissioning ramping up
• Stockman Scoping Study commenced

Highlights

• SAG mill modifications completed mid March
• Metal recoveries improving by quarter’s end
• Underground performance on target
• First Jaguar copper concentrates shipped
• Stockman drilling program to commence

The operating environment for all resource companies has changed very quickly over the past few months. All metal prices have come under considerable downward pressure based upon the uncertainty of the global economy, driven by the US sub-prime mortgage crisis, leaving many companies under significant financial strain, with operating costs exceeding operating revenues.

• 10.5 metres @ 2.3% Cu, 1.5% Pb, 18.0% Zn, 1.4g/t Au & 278g/t Ag (true width ~8 metres) of massive sulphide
• 17 metres @ 1.9% Cu, 0.6% Zn & 15g/t Ag (true width ~13 metres) of footwall stringer
• Massive sulphide contains significant gold grades
• Higher grade, similar style, to the Jaguar & the Teutonic Bore Mine
• Follow-up diamond drilling has commenced

This notice is given by Jabiru Metals Limited (“Jabiru” “the Company”) under section 708A(5)(e) of the Corporations Act in relation to an issue of 47,298,350 Fully Paid Ordinary Shares by the Company on 10 June 2008 without disclosure to investors under Part 6D.2 of the Corporations Act.

This notice is given by Jabiru Metals Limited (“Jabiru” “the Company”) under section 708A(5)(e) of the Corporations Act in relation to an issue of 17,601,650 Fully Paid Ordinary Shares by the Company on 25 July 2008 without disclosure to investors under Part 6D.2 of the Corporations Act.

• 16 metre discovery intercept of new massive sulphide zone (estimated true width)
• Discovery in third hole drilled at Stockman
• Visual grade estimates very encouraging (assays awaited)
• New lens potential to add to massive sulphide inventory at Stockman
• Drilling programme ongoing

• Discovery hole 08SWDD004 has intercepted Copper-Zinc-Rich Massive Sulphide 4.5km South of Jaguar
• 10 metres Massive Sulphide Mineralisation intercepted
• A further 17 metres Stringer Mineralisation intercepted
• Four follow-up diamond drill holes planned.
• Geological setting and tenor of mineralisation interpreted to be similar to Jaguar & Teutonic Bore Mines
• Jabiru has named the new discovery “Bentley”
• Discovery hole only the fourth diamond drill hole in this targeted program
• Discovery hole 6km trucking distance to Jaguar Plant

• Three diamond drill rigs on site
• Testing regional base metal targets along strike from Jaguar
• Upgrading Teutonic Bore Stringer Resource
• Program comprises up to 40,000m of diamond drilling

Capital Raising & Projects Update.