AGY 1.20% 8.4¢ argosy minerals limited

musongati nickel deposit

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    NEWS RELEASE No. 06-07
    April 26, 2007 ASX Symbol - AGY
    Musongati Nickel Deposit
    Argosy Minerals Inc. previously announced an important visit to Burundi with a delegation of
    corporate and technical advisers. During this trip, Argosy representatives met with senior
    members of the Burundian government in relation to the Musongati nickel deposit, held by its
    wholly-owned subsidiary Andover Resources pursuant to an existing Mining Convention.
    The efforts in Burundi included a visit to the Musongati site where the technical advisers
    examined the core storage facilities and existing sampling shaft on the Buhinda deposit.
    Argosy is pleased with the discussions, which addressed the best way forward to complete
    exploration and feasibility studies on the deposit.
    Discussions remain ongoing and at this stage it would be premature to speculate on the outcome.
    Andover is now taking steps to re-open its office in Bujumbura, the Burundian capital. This will
    be an important move for Andover in re-building its presence within Burundi.
    Peter H Lloyd
    Chief Executive Officer
    For further information contact:
    Peter H Lloyd, Chief Executive Officer Malcolm K Smartt, Company Secretary
    Argosy Minerals Inc
    Level 2, Suite 10
    57 Labouchere Road
    South Perth, WA, 6151 Australia
    Telephone: 61-8-9474-4178
    Email: [email protected]
    Argosy Minerals Inc.
    Level 2, Suite 10
    57 Labouchere Road
    South Perth, WA, 6151 Australia
    Telephone: 61-8-9474-4178
    Email: [email protected]
    The Australian Stock Exchange has neither approved nor disapproved the contents of this News Release. This News Release includes
    certain “forward-looking statements” within the meaning of Section 21E of the U.S. Securities and Exchange Act of 1934, as amended. All
    statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential
    mineralization and reserves, exploration results, and future plans and objectives of Argosy, are forward-looking statements that involve various
    risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ
    materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Argosy’s
    expectations are disclosed under the heading “Risk Factors” and elsewhere in Argosy’s documents filed from time to time with the Australian

    Argosy Minerals Inc. - 2 -
    News Release 05-07
    Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities. All subsequent written and oral
    forward-looking statements attributable to Argosy or persons acting on its behalf are expressly qualified in their entirety by this notice.
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