GIANTS REEF MINING LIMITED (ASX.GTM)

name changed to Centralian Minerals Limited

the company has changed its name - the ASX code for Centralian Minerals Limited will be CME. The code will be operative from the week commencing Monday, 31 October 2005

lodges Annual Report and provides notice of annual general meeting to be held in the French Room, Hotel Grand Chancellor, 707 Wellington Street, Perth WA on Friday, 25 November 2005 at 10.00 am

the company reiterates that it will consolidate the existing issued capital on the basis that every 34 fully paid ordinary shares in the capital of the Company be consolidated into 1 fully paid ordinary share - it will also proceed with the raising of up to $21 million through the issuing of up to 210,000,000 fully paid ordinary shares at an issue price of 10 cents per share - it will also change the name of the Company to Centralian Minerals Limited

lodges a prospectus for the purpose of the capital raising with both the Australian Securities & Investments Commission and the Australian Stock Exchange

we understand that on or about this date the company consolidated its shares 1 for 34

company advises that all resolutions put to the shareholders at the General Meeting held at 10.00 a.m. today were carried on a unanimous show of hands

lodges full year accounts

provides a Notice of Meeting to be held on 6 October to consider proposals to consolidate the share capital on a 1:34 basis, to approve the issue of up to 210,000,000 new shares on a post-consolidation basis at 10 cents per share to raise up to $21 million, to approve the issue of 6,500,000 shares to the Company's banker, ANZ and the Company's mining contractor, Barminco as part of the standstill arrangements with them and to change the name of the Company to Centralian Minerals Limited

company advises that it has engaged Patersons Securities Limited as Lead Manager to arrange and facilitate a share reconstruction and capital raising to reposition the Company

work has continued on evaluating the company's funding requirements, but until the Company has determined "firm cash flow estimates from the completion of mining at Chariot, the parameters of price, quantum, and structure of the capital raising to be put in place, could not be fixed"

issues a new Mineral Resource and Ore Reserve Statement as at 30 April 2005 - also advises that it expects to be in a position to provide a further update on its proposed capital raising within a week

capital raising proposed - over the past month, the Company has been engaged in detailed evaluation of and negotiations in relation to alternative capital raising proposals - these negotiations remain ongoing but are expected to be concluded before the end of June - in these circumstances, the Company believes continued voluntary suspension is appropriate until full details of the capital raising are finalised and available for release to the market

company advises that it intends to maintain the voluntary suspension of trading in its securities - the Company is currently negotiating a material transaction that it wishes to finalise prior to the suspension being lifted

shares suspended from quotation pending the release of an announcement

name changed from Giants Reef Mining NL