MUI CORPORATION LIMITED

ACN 072 350 817

SUPPLEMENTARY PROSPECTUS

1. IMPORTANT NOTICE

This Supplementary Prospectus is dated 10 February 2011 and is supplementary

to the Prospectus dated 2 February 2011 issued by MUI Corporation Limited
(ACN 072 350 817).
This Supplementary Prospectus was lodged with the Australian Securities and
Investments Commission (ASIC) on 10 February 2011. Neither the ASIC nor ASX
take any responsibility for the contents of this Supplementary Prospectus.
This Supplementary Prospectus must be read together with the Prospectus. If
there is a conflict between the Prospectus and this Supplementary Prospectus,
this Supplementary Prospectus will prevail. Terms defined in this Supplementary
Prospectus have the same meaning as in the Prospectus.
Other than the changes set out below, all other details in relation to the
Prospectus remain unchanged. The Directors believe that the changes in this
Supplementary Prospectus are not materially adverse from the point of view of
an investor.
This Supplementary Prospectus will be issued with the Prospectus and an
electronic version of these documents may be downloaded from the website
of the Company at www.muicorporation.com.au

2. COMPANY UPDATE IN RELATION TO THE OPTION TO ACQUIRE INDONESIAN GOLD

ASSETS

The Board has decided to prepare and release this Supplementary

Prospectus so that there can be no doubt as to the position of the
Company in relation to the previous announcement regarding the
Company’s option to acquire two (2) advanced stage projects from a
local Indonesian company, “PT Wilton Wahana Indonesia” (WWI).

WWI is the holder of a 2878.5 hectare gold exploitation concession in Desa

Mekarjaya, Desa Ciemas, Desa Cihaur, Kecamatan Simpenan and
Kecamatan Ciemas, Kabupaten Sukabumi in Central Java (Gold Assets).

On 13 January 2011, the Company announced to ASX that it had secured

an option to acquire the Gold Assets from WW1 (Agreement).

The Agreement provided for the grant to the Company of the right but not
the obligation to acquire the Gold Assets from WWI for 7,318,040,445 Shares
or such other number of Shares that will ensure that WWI owns 85% of the
outstanding share capital of the Company (Vend-in Price) at any time until
and including 31 August 2011 (Call Option). The number of Shares
proposed to be issued based on the current and anticipated capital
structure of the Company is 5,901,373,778 Shares.

The Agreement also provided for the right but not the obligation for WWI to
sell the Gold Assets to the Company at the Vend-in Price at any time until
and including 31 August 2011 (Put Option).

This is a supplementary prospectus intended to be read with the prospectus dated 10

February 2011 issued by MUI Corporation Limited (ACN 072 350 817).
 The parties granted each other an exclusive period in which to complete
this Agreement. This exclusive period lapsed at 5pm Singapore time on 25
January 2011 (Exclusivity Period).

The Agreement was subject to various conditions, one of which was

entering into more comprehensive agreements to document the
transaction prior to the expiry of the Exclusivity Period. The Exclusivity Period
has expired now (without formal agreements being executed) and, as a
consequence, the Agreement has lapsed.

Please note that as the Agreement has lapsed, the Company will not be
extending a loan to WWI via a secured convertible note being for $650,000
as detailed on page 13 of the Prospectus.

3. SECTION 4.1 OF THE PROSPECTUS – PURPOSE OF THE OFFER

Please note that there has been no change to Section 4.1 of the
Prospectus. Section 4.1 of the Prospectus is included for information
purposes only to assist with reading this Supplementary Prospectus.

Section 4.1: Purpose of the Offer

The purpose of this Prospectus is to raise up to $2,500,000 before costs.

The table below sets out the intended application of funds raised under
the Prospectus on the basis of the Company raising the minimum
subscription ($1,500,000) and full oversubscription ($2,500,000) under the
Offer:

Proceeds of the Offer Amount Raised - Amount Raised -

Minimum Full Subscription –
Subscription ($2,500,000)
($1,500,000)
Review and development of
$1,000,000 $1,000,000
existing business

Review and expenditure of new $300,000 $1,000,000

projects

Working Capital $104,393 $350,000

Expenses of the Offer $95,607 $150,000

Total $1,500,000 $2,500,000

Notes:

Refer to Section Error! Reference source not found. of this Prospectus for further
details relating to the estimated expenses of the Offer.

This is a supplementary prospectus intended to be read with the prospectus dated 2

February 2011 issued by MUI Corporation Limited (ACN 072 350 817). 2
 If the Company raises between the minimum subscription ($1,500,000) and
the full subscription ($2,500,000) under the Offer, the amount raised in
excess of the minimum subscription (after expenses) is intended to be
applied by way of priority to the following:

(a) costs of the issue;

(b) review and development of existing business;

(c) review and expenditure of new projects; and

(d) the remainder to working capital.

The above table is a statement of current intentions as of the date of

lodgement of this Prospectus with the ASIC. As with any budget,
intervening events (including exploration success or failure) and new
circumstances have the potential to affect the ultimate way funds will be
applied. The Board reserves the right to alter the way funds are applied on
this basis.

4. AMENDMENTS TO THE PROSPECTUS

This Prospectus is amended by this Supplementary Prospectus by:

Section 5.1 Recent Activities

Deletion all of Section 5.1.

Section 5.2 Existing Business

Deleting the whole of this Section and replacing it with the following:

“As noted in recent announcements regarding the Company and its

existing businesses, the Directors are progressing well through a review of its
existing businesses and plans to continue to evaluate its business over the
next quarter.

The Company is also currently evaluating its market potential and

discussing possible licensing synergies in Australia for other media related
products.

A notable development is that market conditions have improved,

potentially opening up growth opportunities for the company in the media
sector.

The Company will continue to evaluate these opportunities over the next
quarter.

As detailed in Section 4.1, assuming full subscription under the Offer, $1,000,000
is intended to be used to develop the current going concern of the media
library and $1,500,000 is intended to be used for other investment opportunities
that the board sees fit that could return value to shareholders".

This is a supplementary prospectus intended to be read with the prospectus dated 2

February 2011 issued by MUI Corporation Limited (ACN 072 350 817). 3
 Please note that representatives from the Company are preparing to attend
the Cannes Film Festival in May 2011 with the intention of expanding its current
library of movie titles.

5. DIRECTORS’ AUTHORISATION

This Supplementary Prospectus is issued by the Company and its issue has been
authorised by a resolution of the Directors.

In accordance with Section 720 of the Corporations Act, each Director has
consented to the lodgement of this Supplementary Prospectus with the ASIC.

_____________________________
Harry Fung, Director
for and on behalf of
MUI Corporation Limited

This is a supplementary prospectus intended to be read with the prospectus dated 2

February 2011 issued by MUI Corporation Limited (ACN 072 350 817). 4