ASARA RESOURCES LIMITED — Capital/Financing Update 2011

Jun 6, 2011

ASX/Media Announcement

7 June 2011

Aeromagnetics Outlines New Gold Targets at Sebba in Burkina Faso

Golden Rim Resources Ltd (ASX: GMR, Golden Rim ) is pleased to announce that the recently completed high resolution airborne magnetic survey has outlined three major structural zones at the Sebba Project (Burkina Faso) which are believed to be highly prospective settings for gold mineralisation (Figure 1).

The aeromagnetics has identified a highly complex series of major structures including three regional NE-SW trending shear zones, up to 3km wide, and associated cross structures. The major shears collectively have a strike length in excess of 140km . To date, only 22km of strike length has been explored by Golden Rim on one of the shear zones which transect the Yipelli and Gandi permits.

The structure explored to date has a relatively subdued magnetic signature compared to the other major shear zones identified by the survey. Golden Rim’s work on this structure has defined a major gold-insoil anomaly and produced significant gold intercepts at the Tyena Prospect (the best intercepts include, 8m at 2.43 g/t gold, 12m at 1.46 g/t gold and 12m at 1.34 g/t gold) in a first pass RAB drilling programme.

The aeromagnetic survey was flown by Xcalibur Airborne Geophysics (Pty) Ltd, from South Africa, and covered an area of more than 1,175 km[2] . The survey was conducted on north-south, 200m spaced, lines with a nominal ground clearance of 30m.

Soil sampling and geological mapping has recently commenced on the Komondi permit at Sebba along the southern NE-trending shear zone. This shear appears to extend northeast to the extensive Solna artisanal gold workings located on Predictive Discovery’s (ASX: PDI) Bangaba project area. Solna is the largest artisanal mining community in the region with over 4,000 inhabitants.

A detailed structural interpretation of the new magnetic data at Sebba has also commenced.

New Exploration Permits

Golden Rim has agreements to acquire 100% ownership in 3 newly granted exploration permits (Diagotta, Komondi and Namantougou) at Sebba. The agreements are on similar terms to previous agreements with a total cash payment for each permit ranging between US$105,000 – US$160,000. The payments are to be made in stages over 3 years.

Two additional permits (Gandi and Dioga) that comprise the Sebba Project were recently renewed for a further 3 years, whereas Golden Rim has withdrawn from two permits (Fouga and Kourori) following negative surface geochemical sampling results.

Golden Rim now has 7 continguous granted exploration permits in the Sebba Project covering an area of 1,500km[2] . The total permit holding in Burkina Faso is now 3,140km[2] .

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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-ENDS-

For further information, please contact:

Hayley Butcher 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 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 over 3,500km[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 licences that comprise the Sebba Project in Burkina Faso and GMR’s new high resolution aeromagnetic survey data (colour image) on the regional government aeromagetics (b/w image)

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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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 a permanent 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

AUSTRALIA

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

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