ASARA RESOURCES LIMITED — Capital/Financing Update 2009

Jun 16, 2009

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17 June 2009

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

By e-Lodgement

Dear Sirs

ISSUE OF GOLDEN RIM RESOURCES LIMITED SHARES – SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("Act")

On 15 June 2009, Golden Rim Resources Limited (" the Company ") issued 15,698,638 fully paid ordinary shares in the capital of the Company at an issue price of 3 cents per share (" Shares ") to clients of Patersons Securities Ltd, one of the leading stockbrokers in Australia, to raise $470,959. The additional funds raised will enable Golden Rim to move rapidly on several acquisition opportunities in West Africa, should evaluations being currently conducted by the Company’s technical team prove positive.

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at 15 June 2009, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c)

• as at 15 June 2009 there is no information:

• (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

Golden Rim Resources Ltd ABN 39 006 710 774

Head Office: Level 2, 10 Outram Street, West Perth, WA 6005, Australia Telephone: +61 8 9481 5758 Facsimile: +61 8 9481 5759 Email: info@goldenrim.com.au Website: www.goldenrim.com.au

• (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • B. the rights and liabilities attaching to the Shares.

Yours faithfully

GOLDEN RIM RESOURCES LIMITED

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GILBERT RODGERS Company Secretary

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