Release: Austindo: Appointment of exploration manager

April 26, 2006 - The Directors of Austindo Resources Corporation NL (Austindo) are pleased to announce the appointment of Mr Brad Wake as Exploration Manager in charge of the Company?s exploration in Indonesia.

Brad is an Australian educated geologist with 20 years experience exploring for gold, silver, base metals, tin and other metals in Australia and the SW Pacific region including over 8 years work experience in Indonesia. Included in his Indonesian achievements, Brad was exploration team leader in the .Minahasa region of North Sulawesi, responsible for planning, management and implementation of reconnaissance work that resulted in the discovery of the Toka Tindung epithermal gold-silver vein systems for Aurora Gold Limited in 1994.

Austindo is embarking on an increased exploration program in Indonesia following its recent capital raising of A$12 M, a significant part of which is earmarked for that work and will be managed by Brad.

Increased exploration will commence immediately on all three of the Company?s permit areas on Java. The Cibaliung Gold Project (Austindo 89.75%) is under construction with first production expected in die first quarter of 2007. Exploration at Cibaliung will be focussed on the discovery of additional resources.

The Pekalongan (Central Java) and Trenggalek (East Java) Projects, in which Austindo has a 95% joint venture interest, both have multiple prospects which are currently being assessed ready for selection of drilling priorities.

The Board believes that the addition of Brad to its team will further strengthen its position as a strong explorer and developer of mines in Indonesia. (end of release)