1 September 2009

Progress Update on Mulga Rock Scoping Study

Energy and Minerals Australia Limited (ASX:  EMA), a Western Australian focused uranium company, is pleased to provide an update on progress on the Scoping Study for the Ambassador deposit.  Following shareholder approval at the general meeting of shareholders on 2 September 2009 and completion of the Placement and Share Purchase Plan transactions, the Company will be well placed to pursue rapid development of the Ambassador deposit.

Ambassador is the largest of the Mulga Rock Deposits, 100% owned by EMA and located approximately 240 kilometres northeast of the regional city of Kalgoorlie-Boulder. 

Recent progress includes:

▪    the signing of a major contract for aircore drilling

▪    awarding of the management contract for the Scoping Study

▪    commencement of metallurgical testwork

▪    updating of flora and fauna studies

▪    continuation of community liaison

▪    commencement of preliminary work on the Scoping Study

▪    negotiation of the contract for a diamond drilling programme

EMA is targeting completion of the Scoping Study by mid 2010 and will provide information to the market as it becomes available.

Chris Davis

Managing Director

For further information:

Warrick Hazeldine

Purple Communications

Tel:        (08) 6314 6300

Mob:     0417 944 616