ACROW LIMITED — Capital/Financing Update 2011

Jun 20, 2011

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21 June 2011

Company Announcements Office Australian Stock Exchange PO Box H224 Australia Square Sydney NSW 2000

EXPIRY OF LISTED OPTIONS

In accordance with Appendix 6A of the Listing Rules, Noble Mineral Resources Limited advises that listed options in the Company (ASX: NMGO) exercisable at $0.30 each on or before 21 July 2011, will expire at 5:00 p.m. WST on 21 July 2011.

The attached letter is an example of the notification that will be sent to all registered option holders.

In accordance with the Listing Rules, the following details are provided:

Option exercise price	$0.30
Last day of trading in listed options	Thursday, 14 July 2011
Market price of shares (ASX: NMG) (closing price, 20 June 2011)	$0.595
In the 3 months immediately before this notice the highest marketprices of the shares (11 April 2011)	$0.755
In the 3 months immediately before this notice the lowest marketprices of the shares (16 June 2011)	$0.540

Options not exercised by 5:00 p.m. WST on 21 July 2011 will expire.

Authorised by:

Wayne Norris Managing Director

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21 June 2011

Mr Sam Sample & Mrs Wilma Sample <Sample Super Fund A/C> Level 1, 56 Sample Street SAMPLE TOWN WA 6000

Number of Options Held: <10,000> Amount Payable at $0.30 per Option: <$3,000.00>

Dear Option Holder

OPTIONS EXERCISABLE AT $0.30 EACH ON OR BEFORE 21 JULY 2011 (ASX: NMGO)

We write to you as a registered holder of the above number of options in Noble Mineral Resources Limited ( Noble ) (ASX code: NMGO ) as at the date of this notice. The options are exercisable at $0.30 each, with each option providing the right to purchase a single fully paid ordinary share in Noble.

You are formally advised that these options will expire at 5.00pm Western Standard Time ("WST") on Thursday, 21 July 2011, and official quotation on the Australian Securities Exchange (ASX) will cease at the close of trading on Thursday, 14 July 2011 .

The courses of action open to you as a holder of these options are:

• (i) Exercise all or some of the options. Documentation and money must be received by the Company no later than 5:00 p.m. WST on Thursday, 21 July 2011 .

• (ii) Do nothing. If you do not take any action to exercise your options prior to 21 July 2011, the options will expire and your rights to purchase shares at $0.30 will lapse.

In the event you wish to exercise all or part of your options, please complete the “Notice of Exercise of Options” enclosed with this letter and lodge with the Company, together with your payment for the number of shares you wish to take up.

The relevant document described above and accompanying payment should be received by 5:00 p.m. WST on 21 July 2011 by the Company at its share registry:

Postal address: Street address: Computershare Investor Services Computershare Investor Services GPO Box D182 Level 2, 45 St Georges Terrace Perth WA 6840 Perth WA 6000

Noble shares are currently trading at $0.595 (being the last sale on 20 June 2011). The highest and lowest market prices of the shares in the 3 months immediately before this notice are as follows:

Highest $0.755 11 April 2011 Lowest $0.540 16 June 2011

If you require further information, please do not hesitate to contact the undersigned.

Yours sincerely

Anthony Ho Company Secretary

enc.

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15 B owm an S tr eet , S out h P er t h, W es t er n A us tr ali a, 6151 PO B ox 1021, S out h P ert h, W es t er n A us tr ali a, 6951 T: ( 61- 8) 9474 6771 F: ( 61-8) 9474 6772 W : www. nobl emi nres .c om . au