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Carnavale announces first drilling results on Frei Martinho Molybdenum Project and the acquisition of new properties in Brazil

June 17, 2008

Appendix 3B: New issue announcement, application for quotation of additional securities and agreement

April 8, 2008

Independent consultant confirms prospectivity of Parmegiana Iron Project, Brazil

April 8, 2008

Independent consultant confirms prospectivity of Parmegiana Iron Project, Brazil (2)

April 8, 2008

Drilling Update

February 21, 2008

Appendix 3B: New issue announcement, application for quotation of additional securities and agreement

February 20, 2008

Appendix 3B: New issue announcement, application for quotation of additional securities and agreement

January 30, 2008

Appointment of Technical Director

January 8, 2008

Completion of Escrow Period

December 20, 2007

Drilling Commences at Parmegiana Iron Ore Project and Frei Martinho Molybdenum Project in Brazil

November 29, 2007

Carnavale successfully completes initial exploration program at Frei Martinho Molybdenum Project in Brazil – drilling to start shortly

November 13, 2007

Non-Renounceable Entitlement Offer of Options

November 12, 2007

08.11.2007 Completion of Escrow Period

November 8, 2007

Supplementary Prospectus

November 8, 2007

Completion of Share Placement

November 7, 2007

Completion of Share Placement (2)

November 7, 2007

Completion of Share Placement (3)

November 7, 2007

Carnavale Arranges Share Placement To Fund Aggressive Exploration Campaign On Brazilian Projects

November 5, 2007

Prospectus

October 29, 2007

Notice of Annual General Meeting, Explanatory Memorandum and Proxy Form

October 29, 2007

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