Metal Storm Limited

Metal Storm advises that the US Marine Corps (USMC) Systems Command, on behalf of the USMC Warfighting Laboratory has placed a notice on the US Federal Business Opportunities website that it intends to award a Sole Source research and development Contract to Metal Storm for the design and fabrication of a stacked round firing system for FIN Stabilized High Explosive Ammunition.

Metal Storm Limited (ASX: MST) announced today it has been awarded a contract by US company StarChase LLC valued at US$1.2 million (approximately A$1.56 million).

The Directors of Metal Storm Limited (ASX: MST) are pleased to announce that the Company has signed a preliminary agreement with Harmony Capital Partners Pte Limited (Harmony) of Singapore to facilitate a Renounceable Rights Issue of A$27.5 million in unsecured Convertible Notes with attaching Options.

Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) today announced its intention to raise up to $25 million of new capital in stages, opening with a Share Purchase Plan to raise up to $10 million and to give as many shareholders as possible the opportunity to participate.

Metal Storm Limited (Metal Storm)(ASX: MST) and Electro Optic Systems Holdings Limited (EOS) today announced the unveiling of the Redback Weapon System prototype at the Asian Aerospace and Asian Defence Technology Exhibitions in Singapore.

Metal Storm Limited (ASX: MST)(PNK: MTSXF)(NASDAQ: MTSX) and Singapore Technologies Kinetics (ST Kinetics) are pleased to announce the successful firing of a range of jointly-developed, stacked configuration low velocity 40 mm electrically ignited munitions (EIM). The firings included high explosive (HE) munitions; enhanced blast explosive (EBX) munitions and air burst munitions (ABM). Less than lethal (LTL) munitions development will be undertaken in the future.

Defence technology company Metal Storm Limited (ASX: MST) today announced the appointment of Dr Peter Jonson as non-executive director, effective today.

Metal Storm Limited (ASX: MST) today announced that its subsidiary Metal Storm, Inc had been awarded a two year contract worth approximately A$975,000 from the US Army's Armament Research, Development and Engineering Center (ARDEC) for the design, prototyping and demonstration of Metal Storm less-than-lethal munitions. The company had advised the market on 21 November 2005 that this contract was expected.

Metal Storm Limited (ASX: MST) and Electro Optic Systems Holdings Limited (ASX: EOS) today announced a long-term teaming agreement to jointly develop and market a weapon system that brings together the complementary features and benefits of their respective weapons technologies in a system designed to provide a new capability for dealing with multiple threats in modern conflicts, including Iraq.

Metal Storm Limited (ASX: MST) and Electro Optic Systems Holdings Limited (ASX: EOS) today announced a long-term teaming agreement to jointly develop and market a weapon system that brings together the complementary features and benefits of their respective weapons technologies in a system designed to provide a new capability for dealing with multiple threats in modern conflicts, including Iraq.