ASARA RESOURCES LIMITED — Capital/Financing Update 2011

Jun 27, 2011

ASX/Media Announcement

28 June 2010

Golden Rim Acquires Additional Permits in Burkina Faso

Golden Rim Resources Ltd (ASX: GMR, Golden Rim ) today announced it has been granted 3 new permits forming part of the Sebba Project in Burkina Faso (Figure 1).

The 3 permits (Maba, Nasoulou and Babongo) are newly issued by the Ministry of Mines in Burkina Faso and Golden Rim holds 100% ownership. The permits’ combined area is 429km[2] , bringing the total area of Sebba to 1,928km[2] .

The Maba and Nasoulou permits are contiguous with the existing land holdings at Sebba. The Babongo tenement is 13km to the southwest of the Diogotta Permit (Figure 2).

All of the permits are located on multiple greenstone belts with major shear zones and are highly prospective for the discovery of significant gold mineralisation.

The expansion of Sebba is considered highly strategic for the advancement of exploration activities in Burkina Faso.

-ENDS-

For further information, please contact:

Hayley Butcher Claire Stannard Golden Rim Resources AMN Corporate Company Secretary +61 (0)409 189 410 +61 8 9481 5758 claire@amncorporate.com

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 8 9481 5758 I F + 61 8 9481 5759

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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 licences covering around 4,000km[2] in the highly prospective Birimian greenstone belts of Mali and Burkina Faso.

With experienced management and extensive local teams in the Company’s permanent offices in Mali and Burkina Faso, Golden Rim is able to move quickly and efficiently in order to maximise potential opportunities.

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 program of drilling in Mali, Burkina Faso and Sweden and is poised to deliver significant growth and value to shareholders.

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Figure 1. Location of the Sebba Project licences in Burkina Faso

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Figure 2. Location of the licences that comprise the Sebba Project in Burkina Faso and Golden Rim’s new high resolution aeromagnetic survey data (colour image) on the regional government aeromagnetics (b/w image)

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The information in this public report that relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay who is a member of The Australasian Institute of Mining and Metallurgy. Mr Mackay is an employee of Golden Rim Resources 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

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

Capital Structure

Issued Shares: 359,396,731 Unlisted Options: 39,650,000

Major Shareholders

PAL Technology Services LLC 13.10% Rick Crabb 5.79%

Share Registry

Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 AUSTRALIA

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

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