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AMERICAN URANIUM LTD Capital/Financing Update 2009

Sep 20, 2009

64381_rns_2009-09-20_d0d3f006-2416-47d1-9f0d-cae7262e8c00.pdf

Capital/Financing Update

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21 September 2009

The Manager Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir/Madam

SHARE PLACEMENT

The Company is pleased to announce the successful completion of a share placement to a sophisticated investor to provide additional working capital to further strengthen the Company’s financial position and to target new opportunities.

The placement comprising 3 million ordinary shares (7.89%) at an issue price of 10 cents each, has been made to J & I Resources Pty Ltd.

Following the allotment of the shares under the placement, the Company will have approximately 38.0 million ordinary shares on issue

Yours faithfully

GTI RESOURCES LTD

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Murray McDonald Executive Chairman

GTI Resources Ltd 13 Colin Street West Perth WA 6005 Phone: +61 8 9215 0400 www.gtiresources.com.au

ABN 33 124 792 132 PO Box 287 West Perth WA 6872 Facsimile: +61 8 9321 3628