MATILDA MINERALS LIMITED(MAL)

name changed to Blackwood Corporation Limited

lodges 2009 and 2010 Financial Reports

following the effectuation of the Deed of Company Arrangement today, the Deed Administrators have retired and the Directors have resumed control of the Company

the General Meeting of the Shareholders of Matilda Minerals Limited (Subject to Deed of Company Arrangement) will be held at The Celtic Club, 48 Ord Street, West Perth, Western Australia on 29 October 2010 at 2.00pm (WST) - the meeting is to be held to consider the proposed recapitalisation of the company

company announces plans that will allow the Company to be recapitalised, exit administration and seek re?instatement to trading on ASX in late 2010, focussing on its existing coal assets in Queensland - Matilda is proposing to raise up to $12 million through an issue of new ordinary shares to new and existing shareholders of the Company

a court application was approved and the Deed of Company Arrangement was extended to 31 October 2010

a claim was lodged in the amount of $29.92 million by Astron Limited and was rejected after due consideration - Astron Limited has lodged an appeal against the rejection of that claim with the Supreme Court of Western Australia - at the pre-trial conference held today, administrators accepted an offer to settle Astron's claim

creditors resolve that the Deed of Company Arrangement (DOCA) should be varied

a Deed of Company Arrangement Variation of Deed of Company Arrangement is lodged with ASIC

Stirling Resources (ASX: SRE) announced today it has completed the acquisition of the high grade zircon assets previously owned by Matilda Minerals (ASX: MAL). Stirling through its 100% owned subsidiary has received all the necessary approvals and is now the owner of all of the acquired tenements in the Tiwi Islands and in Cape York. The final settlement for the transaction occurred today immediately following the reconvened shareholder meeting at which the transaction was approved. The payment to the Matilda Administrators, Ferrier Hodgson, for $4.525 million has been released from the trust account to the Administrators and the transaction is now finalised

administrators report that they have recommended that creditors execute a Deed Of Company Arrangement that has been put forward by the company's directors whereby creditors will receive 100 cents in the dollar - the DOCA if effectuated should result in the company relisting on the ASX 90 days after the company entered into a DOCA - since their appointment, the administrators have: 1. Negotiated with Noble Resources regarding the 11,000 tons of HMC (Heavy Mineral Concentrate); 2. Finalised the Rehabilitation on the Tiwi Islands; 3. Sold the Mineral Sand Assets; 4. Bagged the remaining HMC located at port; 5. Negotiated with potential buyers regarding the remaining HMC; and 6. Found suitable buyers for the remaining HMC.

the convening period for the second meeting of creditors is extended to 15 April 2009

convening period for the second meeting of creditors is extended to 2 February 2009

company appoints Martin Jones, Andrew Saker and Darren Weaver of Ferrier Hodgson as Voluntary Administrators - it will be a month or so before the position is clearer, but administration never augurs well for shareholders

securities suspended pending confirmation of the company's financial position