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ADMIRALTY RESOURCES NL. Capital/Financing Update 2011

Mar 30, 2011

64309_rns_2011-03-30_4ba2682e-e9b6-4c5d-8efc-3f70544e3be7.pdf

Capital/Financing Update

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Admiralty Resources NL ACN 010 195 972

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GPO Box 517, Melbourne 3001 Level 16, 379 Collins Street, Melbourne [t] +61 3 9620 7144 [f] +61 3 8677 6949

www.ady.com.au

NEWS RELEASE

Release Time IMMEDIATE Date 31 March 2011

SHARE PURCHASE PLAN

Admiralty Resources NL (“The Company” or “Admiralty”) advises that the Share Purchase Plan (“SPP”) will close as scheduled at 5pm on Friday, 1 April 2011. Any applications received after this time will be accepted at the sole discretion of the Company.

The dollar figure of the New Shares to be issued under the SPP is expected to be announced on Monday, 4 April 2011 and the final issue price of the New Shares is expected to be announced to the market on Monday, 11 April 2011.

Yours sincerely,

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Patrick Rossi Company Secretary

Further information on Admiralty Resources NL can be found on our Internet site: www.ady.com.au Australia Investor Relations Tel: +61 3 9620 7144 Email: [email protected]