Marengo Mining Limited is a diversified metals company. During the fiscal year ended June 30, 2008, the Company carried out exploration on its tenements and applied for or acquired additional tenements with the objective of identifying gold, copper, iron and other mineral deposits. The Company’s Papua New Guinea projects include Yandera Project and Bolubolu Project. Its Australian projects include Bowgan Project, Northern Territory and the Ashburton Project, Western Australia. The Yandera Project is located 95 kilometers southwest of the northern seaport of Madang. The Yandera Project comprises two granted exploration licenses covering 1,200 square kilometers.