TITANIUM SANDS LIMITED — Declaration of Voting Results & Voting Rights Announcements 2006

ABN 65 009 131 533

23 November 2006

Company Announcements Office Australian Stock Exchange Limited Exchange Plaza Sherwood Court PERTH, WA 6000

Dear Sir

Outcomes of Annual General Meeting

Precious Metals Australia Limited (ASX: PMA) held its annual general meeting in West Perth today. The Company is pleased to announce the outcomes of the following resolutions:

Resolution 1: Re-election of a Director Mr MJ Fry - Passed unanimously on a show of hands.

Resolution 2: Adoption of the Remuneration Report - Passed unanimously on a show of hands.

Resolution 3: As an items of general business the Re-election of a Director Mr R Leiman -Passed unanimously on a show of hands.

Yours sincerely PRECIOUS METALS AUSTRALIA LIMITED

MIKE DREW Company Secretary

Level 4, 76 Kings Park Road West Perth Western Australia 6005 PO Box 620 West Perth Western Australia 6872 Telephone: +61 8 9423 1900 Facsimile: +61 8 9423 1999