Clancy Exploration Limited's portfolio of prospective exploration opportunities has exposure to copper, gold, nickel and base metals. Highlights include the following;

Lachlan Fold Belt Copper-Gold Projects, NSW

• 12 NSW projects 100% owned by Clancy
• Substantial portfolio of copper/gold porphyry Targets in the Lachlan Fold Belt, NSW.
• Application of the Geoinformatics Process, in conjunction with Gold Fields Australasia Pty Limited ("Gold Fields") over the last three years to areas in the Lachlan Fold Belt, has generated a Target Bank of highly ranked Targets.
• Three joint ventures with Gold Fields in the Lachlan Fold Belt, managed by Clancy and under which Gold Fields may contribute up to $5m of expenditure in the ground over three years to earn an 80% interest.

• Strategic alliance with Bass Metals Limited ("Bass Metals").
• A portfolio of tenements consisting of 12 exploration licences in the Mount Read Volcanic Belt in Tasmania, jointly held with Bass Metals.
• Base metals Targets generated by application of the Geoinformatics Process in the Mount Read Volcanic Belt.
• Seven Tasmanian projects, 25% owned by Clancy, 75% owned by Bass Metals.
• Bass Metals committed to expending $1.2m in 2007 on Targets identified by the Geoinformatics Process.
• Clancy entitled to performance shares in Bass Metals based on exploration success.