ACROW LIMITED — Capital/Financing Update 2008

Oct 20, 2008

ANNOUNCEMENT

21 OCTOBER 2008

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DEFERRAL OF OPTIONS ISSUE

The Company’s IPO prospectus dated 16 May 2008 included a proposal to offer a non renounceable entitlements issue of options to shareholders on the basis of 1 option for every 4 shares held. The issue price of the options was proposed to be ½ cent and each option has an exercise price of 20 cents and an expiry date of 31 October 2012. If the entitlements issue was fully subscribed, it would raise approximately $179,000 (before the costs of the issue).

Having regard to the prevailing volatile and adverse market conditions, the Directors have resolved to defer this option issue until further notice. The funds to be raised by the option issue is not material to the Company as it is fully funded to pursue its exploration objectives in the Ashanti Gold Belt in Ghana.

Authorised by:

Wayne Norris Managing Director

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Suite 5, 100 Mill Point Road, South Perth, Western Australia, 6151 PO Box 371, South Perth, Western Australia, 6951 T: (61-8) 474 6771 F: (61-8) 6389 3666 W: www.nobleminres.com.au