Kagara Limited

Kagara Limited (ASX:KZL) is pleased to announce the appointment of Mark Hands to its Executive Committee as Executive General Manager Corporate. This role incorporates the roles of Company Secretary and General Counsel.

Kagara Limited (ASX:KZL) is pleased to advise that it has raised A$25 million before costs through an institutional share placement underpinned by a group of leading North American, Australian, European and Asian institutions, including existing shareholders. The proceeds will be used to support Kagara's exploration and production growth strategy in North Queensland.

Kagara Limited (ASX:KZL) is pleased to announce that it has successfully raised A$25.0 Million (before costs) via a placement of 80,645,161 fully paid ordinary shares ("Shares") to institutional and sophisticated investors ("Placement") in Australia and other jurisdictions at an issue price of A$0.31 per new Share.

Monto Minerals Limited (ASX:MOO) is pleased to release the final batch of results derived from resource diamond drilling conducted by Kagara Limited (ASX:KZL) at the Baal Gammon mine. The 28 hole drilling programme concluded on 30 October 2011.

Kagara Limited (ASX:KZL) is pleased to provide an update on its exploration programs in North Queensland, which are continuing to ramp up and deliver encouraging results on a number of fronts - providing strong support for the resource growth targets outlined in the Company's recently announced 5-year growth strategy.

Kagara Limited (ASX:KZL) refers to its recent announcements regarding the proposed sale of its nickel assets, and the related announcement made by Western Areas NL (ASX:WSA) (TSE:WSA) on 13-October-2011 (the WSA Announcement).

Kagara Limited (ASX:KZL) advises that as announced on 19 October it will proceed to complete the proposed acquisition of Einasleigh Copper Project in North Queensland from Copper Strike Limited (ASX:CSE) after the transaction was approved by CSE shareholders on 14 October 2011.

Kagara Limited (ASX:KZL) today releases Chairman's Address to Shareholders at 2011 Annual General Meeting.

Kagara Limited (ASX:KZL) advises that it will proceed to complete the proposed acquisition of Einasleigh Copper Project in North Queensland from Copper Strike Limited (ASX:CSE) after the transaction was approved by Copper Strike shareholders last week.

Kagara Limited (ASX:KZL) refers to its announcements dated 18 August 2011 and 20 September 2011 regarding its strategic review and the proposed sale of its nickel assets.