ASARA RESOURCES LIMITED — Capital/Financing Update 2009

Dec 6, 2009

ASX/Media Announcement

7 December 2009

Share Purchase Plan Offer Extended

Golden Rim Resources Ltd (ASX: GMR, Golden Rim or Company ) today announced it had extended the offer of shares under the Share Purchase Plan ( Plan ) lodged with the ASX on 25 November 2009. The Plan will now close on 16 December 2009.

The Company is offering its existing shareholders (as at 18 November 2009) approximately 21,538,461 shares at 13 cents each in recognition of shareholder support. Eligible shareholders may subscribe for parcels of approximately $5,000, $10,000 or $15,000 worth of shares in the Company.

The Plan follows a very successful placement to institutional and sophisticated investors. The placement was supported by two of Perth’s top stockbroking firms, DJ Carmichael and Patersons, who were appointed Joint Lead Managers to place 33,750,000 shares at the issue price of 13 cents each to raise $4,387,500. The success of the placement strengthens the Company’s shareholder base.

The primary purpose of the fundraising is to conduct a follow up drilling program on new targets generated at the Sepola Project in Mali, following completion of an aeromagnetic survey. The funds will also be used for the first phase of drilling at the Farada Project in Southern Mali, once targets have been generated after completion of the aeromagnetic survey currently underway at the Farada Project. The Company will also apply the funds to its portion of expenditure obligations under the Bergslagen Joint Venture pertaining to projects in Sweden, to potential new project acquisitions and working capital.

Golden Rim is pleased to provide this extended opportunity to its shareholders.

-ENDS-

For further information, please contact:

Craig Mackay Ann M Nahajski Golden Rim Resources AMN Corporate Executive Director +61 (0)400 205 433 +61 3 9890 2311 ann@amncorporate.com

About Golden Rim Resources Limited

Golden Rim Resources Ltd (ASX: GMR) is an exploration and mining company with a focus on copper and gold. The Company is active in West Africa, with gold resources and tenements (Sepola, Sanso and Farada) in the highly prospective Birimian greenstone belt in Mali.

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6872, Australia I T + 61 8 9481 5758 I F + 61 8 9481 5759

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Abu Dhabi-based Royal Group is a substantial shareholder and strategic partner of Golden Rim. Through an alliance company, Royal Falcon Mining LLC, the companies have secured advanced copper/gold projects (Falun and Bersbo) in Sweden and are seeking further significant investments.

Golden Rim is pursuing an active drilling program in Mali and Sweden and is poised to deliver significant growth and value to shareholders.

Further Company Information:

Capital Structure

Issued Shares: 225,013,812 Unlisted Options: 33,150,000

Major Shareholders

PAL Technology Services LLC 13.94% Rick Crabb 8.06%

E: info@goldenrim.com.au W:goldenrim.com.au

Share Registry

Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6000 AUSTRALIA

T: + 61 8 9315 2333 F: + 61 8 9315 2233 E: registrar@securitytransfer.com.au W: securitytransfer.com.au

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