ASARA RESOURCES LIMITED — Capital/Financing Update 2009

Jun 10, 2009

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ASX Release

RIGHTS ISSUE RAISES $3.1 MILLION

11 June 2009

Golden Rim Resources Ltd ABN 39 006 710 774 www.goldenrim.com.au

Golden Rim Resources Limited (ASX: GMR, Golden Rim ) is pleased to announce its one for one renounceable Rights Issue ( Issue ) has closed with over 78% (by value) of the rights being exercised.

Head Office

Level 2 10 Outram Street WEST PERTH WA 6872 AUSTRALIA

T: + 61 8 9481 5758 F: + 61 8 9481 5759

Exploration Office

Suite 3, Level 1 19 Prospect Street BOX HILL VIC 3128 AUSTRALIA

T: + 61 3 9890 2311 F: + 61 3 9890 0877

Contact

Craig Mackay Managing Director info@goldenrim.com.au

Directors

Rick Crabb (Non Executive Chairman) Craig Mackay (Managing Director) Gilbert Rodgers (Executive Director) Glenister Lamont (Non Executive Director)

The Issue was undertaken as part of a strategy to accelerate the Company’s exciting activities in West Africa, specifically a drill program at the Sepola Gold Project in Mali, and to advance the Bergslagen Joint Venture in Sweden with Drake Resources Ltd.

Under the Issue, a total of 104,657,587 new shares were offered to raise up to $3,139,728 (before costs).

Golden Rim’s Managing Director, Mr Craig Mackay, said the strong support is an endorsement of the Company’s shift in focus.

“Our strengthened cash position will enable us to advance our highly promising gold projects in Mali at a rapid pace and to fund a major drilling program in Sweden to test the considerable volumes of gold and copper mineralisation at Falun. Both opportunities will provide new and exciting milestones for our investors,” said Mr Mackay.

“This is a new direction for Golden Rim and management is working diligently on progressing these new projects and opportunities,” he said.

Total entitlements taken up by eligible shareholders were 82,297,053 leaving a total shortfall of 22,360,534. The shortfall has been taken up entirely by shortfall applicants and by placements made by the underwriter, Patersons Securities Limited, a leading Australian stock broking firm.

ASX:GMR

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Holding Statements to the Shareholders will be dispatched on 15 June 2009.

The Board of Directors wishes to take this opportunity to thank its shareholders for their continued support.

For further information, please contact:

Gilbert Rodgers Ann M Nahajski Golden Rim Resources AMN Corporate Company Secretary +61 (0)400 205 433 +61 8 9481 5758 ann@amncorporate.com

About Golden Rim Resources Limited

Golden Rim Resources Limited ( Golden Rim or Company ) is an exploration and mining company with a focus on gold and copper projects.

The current growth strategy is being driven by the Company’s projects in West Africa and the advancement of alliance company, Royal Falcon Mining LLC ( Royal Falcon ).

While previously active in Fiji and Vanuatu, positive results from the Company’s two new West African gold projects (Sepola and Sanso) have prompted an exciting shift in focus to drive shareholder value.

In late 2008, Golden Rim acquired a 90% interest in four licences held by SAR Exploration SARL in Mali. The project area covers over 235km[2] of the highly prospective gold-bearing Birimian greenstone belt. Significantly, both projects are located near major operating gold mines and offer the Company a lower cost option of potentially toll treating its gold resources instead of building a mill.

A 3,000m reverse circulation drilling program is planned mid-2009 at the Sepola Gold Project where previous drilling has defined an Inferred Resource of 3,084,000 tonnes at 1.64 g/t gold for 162,000 oz of gold. This resource is open along strike and at depth and is considered to have the potential to produce a major gold deposit.

Golden Rim’s, Abu Dhabi registered alliance company, Royal Falcon, has secured its first major mineral projects. The projects are located in central Sweden and include the advanced Falun and Bersbo poly-metallic projects. Through a joint venture agreement with Drake Resources Limited, known as the Bergslagen Joint Venture, Royal Falcon can earn up to 75% interest in the projects. Considerable volumes of high-grade gold and copper mineralisation remain at Falun and offer immediate targets for drilling. A 4,300m drilling program is planned in Sweden in Q309.

Golden Rim is poised for growth with the right strategy, outstanding projects and technical expertise in place.

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The information in this report that relates to exploration results is based on information compiled by Mr Craig Mackay who is a member of The Australasian Institute of Mining and Metallurgy. Mr Mackay is a consultant of Golden Rim Resources Ltd through Earth Science Solutions Pty Ltd. Mr Mackay has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Further Company Information:

Capital Structure (as at 11 June 2009)

Issued Shares: 104,657,587 Unlisted Options: 33,150,000

Major Shareholders

PAL Technology Services LLC 14.99% Rick Crabb 8.43%

Share Registry

Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6000 AUSTRALIA T: + 61 8 9315 2333 F: + 61 8 9315 2233

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