LACH DRUMMOND RESOURCES LIMITED (LDR)

name changed to Alto Energy International Limited

company advises in relation to its offer for all the ordinary shares in Alto Energy Limited and all the options to subscribe for ordinary shares in Alto with an expiry date of 31 January 2007 that the offer period for the Offers has been extended so that it will now close at 5.00pm (Perth time) on 2 February 2006 - also that LDR and its associates had a relevant interest in 94.12% of the ordinary shares of Alto and 92.24% of the options to subscribe for ordinary shares in Alto on 19 January 2006

the reorganisation of the capital of the company, involving a consolidation on a 1 for 8 basis, will be effective on 13 January 2006 - the company is also to change its name to Alto Energy International Limited

at the general meeting today all resolutions were passed unanimously by shareholders - the resolutions included proposals for a Change in nature and scale of activities of the Company, Approval of Issue of Options to Alto Option holders, Issue of Employee Options to Mr Gregory Channon under the ESOP, Issue of Employee Options to Mr Paul Fry under the ESOP, Consolidation of Issued Capital and Change of Company Name

company announces that the expiry period for 7,142,853 fully paid ordinary shares and 3,571,425 options (exercisable at $0.42 each and expiring on 31 December 2006) ends on 29 January 2006

company advises that a proposed 1 for 8 consolidation of the Company's capital is the subject of shareholder approval at the Company's meeting on 10 January 2006

shares suspended from quotation pending the rsults of a shareholders meeting to be held on 10 January 2006 to consider a change of activities

shares reinstated to quotation

applies for the quotation of additional securities arising from the placement

at the General Meeting today all resolutions were passed unanimously by shareholders

a general meeting of shareholders is to be held on 15 September 2005 to approve the issue of shares and adoption of a new constitution

shares suspended from trading pending release of an announcement

shares reinstated to quotation

company advises of the placement of 15 million shares at 1 cent per share to raise $150,000 to clients of Albion Capital Partners following excess demand from the Company's recent $1,500,000 capital raising - funds raised will be used to supplement the Company's existing working capital requirements

the prospectus closed fully subscribed, the Deed of Company Arrangement is effecutuated, the administrators resign and the company restructure is complete

issues a prospectus to raise $1.5m

all nine resolutions passed at today's meeting of shareholders and the reorganisation of the capital is effective as of today

we understand that on or about this date the company consolidated its shares 10 for 21

company provides an update of its projects in advance of the general meeting of shareholders on 29 March 2005

provides notice of general meeting of shareholders to be held on 29 March 2005 - to consider a reconstruction etc

administrators advise the company entered into a Reconstruction Deed on 11 November 2004 and will be holding a meeting with shareholders in late February (date still to be determined) to advise the shareholders of the terms of the Deed - a notice of meeting and explanatory memorandum will be forwarded to shareholders very shortly - creditors of the company accepted the terms of the reconstruction at a meeting on 21 December 2004

further releases of escrowed securities

advises of an extension of time to hold an AGM and an exemption from financial reporting requirements

releases escrowed securities

company enters into a Deed of Company Arrangement

creditors approve the company entering into a Deed of Company Arrangement and the administrators are trying to sell the assets and/or conclude a reconstruction of the company

B Hughes and V Smith of Pitcher Partners appointed administrators - this action arises from the default in repayment of a term deposit placed by the previous management of the company with Veraison Capital Pty Limited and the uncertainty created by that default - legal remedies are being explored

securities suspended at the request of the company pending an announcement

name changed from Fashion Intimates Limited