ASPIRE MINING LIMITED — Capital/Financing Update 2008

Jul 9, 2008

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WINDY KNOB RESOURCES LIMITED

ACN 122 417 243

Suite 9, 1200 Hay Street WEST PERTH WA 6005 Telephone: 08 6460 4960 Facsimile: 08 9324 3045 www.windyknobresources.com.au admin@windyknobresources.com.au

10 July 2008

Australian Stock Exchange Companies Announcement Centre 20 Bond Street Sydney NSW 2000

TENEMENT ACQUIRED ADJACENT TO WINDY KNOB PROJECT & RIGHTS ISSUE SHORTFALL COMPLETED

TENEMENT ACQUIRED ADJACENT TO WINDY KNOB PROJECT

Windy Knob Resources Limited (‘Windy Knob’ or ‘the Company’) is pleased to announce that it has entered into a Binding Terms Sheet with Clinton Dean Hood (the “Vendor”) to purchase 100% of exploration licence application E51/1198 in consideration for 500,000 fully paid ordinary shares in the Company. The tenement licence application covers 60 blocks, comprising of approximately 162 km[2] and adjoins the northern boundary of the existing Windy Knob project approximately 50 km south of Meekatharra and 25 km east of Reedy in Western Australia.

The Windy Knob project lies on the Mt Magnet-Reedy greenstone belt, east of the mining centre of Reedy. The area contains potential for both Gold and Copper-Zinc mineralisation of volcanogenic massive sulphide (VMS) styles. Please see Appendices 1 and 2 for further details.

UPDATE ON WINDY KNOB PROJECT EXPLORATION (Meekatharra, 100% Owned)

The Company is pleased to advise that it has completed a helicopter-borne time domain electromagnetic and magnetic survey over the Company’s 100% owned Windy Knob Project.

This survey has shown several new geophysical targets that consist of discrete conductive bodies nearby to the Ridgeback VMS project (currently being explored by Silver Swan Group Ltd: ASX Code: SWN).

The survey also allowed better mapping of the area, with faulting and lithologies more able to be clearly mapped. The Company is currently designing a drill program to target VMS mineralisation styles over this tenement. The presence of interpreted Banded Iron Formations is also planned to be tested by drilling.

RIGHTS ISSUE SHORTFALL COMPLETED

The Company is pleased to advise that it has completed the shortfall of the recent 1-for-1 prorata non-renounceable entitlements issue to shareholders (the Entitlements Issue).

The directors have been able to place an additional 8,269,579 shares and 8,269,579 options through the shortfall of the offer to raise a further $661,566 (before costs of the issue).

The Company has now raised the full amount of $2,500,000 (before costs of the issue) under the Entitlement Issue.

We refer to ASX’s letter dated 20 June 2008 granting conditional approval of quotation of 31,250,005 fully paid ordinary shares (Shares: WKR) and 31,250,005 options exercisable at $0.20 each on or before 31 December 2009 (Options: WKRO) and provide the following information:

1. An additional 8,269,579 Shares and 8,269,579 Options were allotted and issued on 10[th] July 2008 pursuant to the Entitlements Issue. They have been allocated into the issuer sponsored sub-register, and quotation of the Shares and Options on ASX is now sought;

2. The issued capital of the Company following the allotment is as follows:

3. 62,500,000 fully paid ordinary shares (WKR) as follows:

4. Quoted on ASX: 58,765,000

5. Unquoted restricted securities: 3,735,000

6. Total fully paid shares on issue: 62,500,000

7. 45,499,995 options exercisable at $0.20 each on or before 31 December 2009:

8. 39,499,995 quoted options (WKRO) exercisable at 20 cents each on or before 31 December 2009.

9. 6,000,000 unquoted restricted options exercisable at 20 cents each on or before 31 December 2009.

10. See an update of Top 20 and Distribution schedules:

11. a. The 20 largest holders of Shares and the percentage held by each are as follows:

WINDY KNOB RESOURCES LIMITED FULLY PAID SHARES

1 * 2 * 3 * 4 5 * 6 7 8 * 9 10 11 12 13 14 * 15 16 17 * 18 19 20 * ** ALL	HOLDER NAME HUSIF NOM PL CORPORATE & RESOURCE CONS PL LYNTON-BROWN DARRYL F DONGRAY RICHARD S + J VIENNA HLDGS PL WILD JONATHAN MARK FOWLER PAUL TRAVIS CANON POINT PL STOCKWORK KAL PL DOZAK EDWARD MAX KASLAM PL TINELLE PL KAZAC PL RALSTON GARRY EDMONDSON FIONNUALA C SIGMA CHEMICALS 1986 PL LEGENDRE BRUCE ROBERT EVERINGHAM ELISSA FRANCOIS GUY TALEX INV PL ** TOP 20 TOTAL *** HOLDERS INCLUDED	DESIGNATION R C LYNTON-BROWN F S/F A/C RONJEN S/F A/C STOCKWORK INV A/C LUNDY S/F PORTFOLI SVCS ACCOUNT P & E EVERINGHAM F RW S/F ACCOUTN * - DENOTES MERGED HO	UNITS 2,020,000 1,800,000 1,600,000 1,440,000 1,250,000 1,125,000 1,125,000 1,000,001 1,000,000 1,000,000 1,000,000 1,000,000 900,000 883,600 840,000 750,000 740,000 625,000 625,000 625,000	UNITS	% OF ISSUED 3.23% 2.88% 2.56% 2.30% 2.00% 1.80% 1.80% 1.60% 1.60% 1.60% 1.60% 1.60% 1.44% 1.41% 1.34% 1.20% 1.18% 1.00% 1.00% 1.00 % 34.14 %
			21,348,601
			LDER

b. The distribution schedule of Shareholders is as follows:

WINDY KNOB RESOURCES LIMITED FULLY PAID SHARES

SPREAD OF HOLDINGS                       HOLDERSUNITS%OF ISSUED CAPITAL

NIL HOLDING 1 - 1,000 17 1,001 - 5,000 46 5,001 - 10,000 52 10,001 - 100,000 289 100,001 - 127 TOTAL ON REGISTER531 TOTAL OVERSEAS HOLDERS 9 ANALYSIS BY LOCATION (EXCLUDES ZERO HOLDERS) OVERSEAS 9 AUSTRALIA : ACT 1 NSW 72 VIC 42 QLD 15 SA 9 WA 372 TAS 6 NT 2 ADDRESS UNKNOWN3 531	1,680 159,417 469,012 12,584,564 49,285,327 62,500,000 2,508,321 2,508,321 100,000 7,064,578 1,731,601 377,720 177,250 50,165,841 321,689 17,000 36,000 62,500,000			.00 % .26 % .75 % 20.14 % 78.86 % 100.00 % 4.01 % 4.01 % .16 % 11.30 % 2.77 % .60 % .28 % 80.27 % .51 % .03 % .06 % 100.00 %

 ** ALL HOLDERS INCLUDED                  ***  COMMON HOLDERS MERGED INTO ONE HOLDING

• c. The 20 largest holders of Options and the percentage held by each are as follows:

WINDY KNOB RESOURCES LIMITED OPTIONS 31/12/09 $0.20

1 * 2 * 3 4 5 * 6 7 8 * 9 * 10 11 12 13 14 15 16 17 * 18 19 20 * ** ALL	HOLDER NAME CORPORATE & RESOURCE CONS PL VIENNA HLDGS PL TALEX INV PL MACFAC PL HUSIF NOM PL ECKHOF KLAUS STOCKWORK KAL PL RALSTON GARRY LYNTON-BROWN DARRYL F BURFORD MATTHEW DAVID SIGMA CHEMICALS 1986 PL MCNEIL NOM PL EVERINGHAM ELISSA FRANCOIS GUY CALM HLDGS PL DONGRAY RICHARD S + J CANON POINT PL MONTGOMERY MELISSA JANE WALL STREET NOM PL DOZAK EDWARD MAX ** TOP 20 TOTAL *** HOLDERS INCLUDED	DESIGNATION RONJEN S/F A/C MCILWAIN FAM S/F A R C LYNTON-BROWN F STOCKWORK INV A/C P & E EVERINGHAM F RW S/F ACCOUTN TIDE A/C S/F A/C BRENNAN S/F A/C * - DENOTES MERGED HO	UNITS 1,550,000 1,187,500 1,125,000 1,120,000 1,010,000 1,000,000 1,000,000 891,800 800,000 756,005 750,000 750,000 625,000 625,000 534,842 520,000 500,000 500,000 500,000 500,000	UNITS	% OF ISSUED 3.92% 3.01% 2.85% 2.84% 2.56% 2.53% 2.53% 2.26% 2.03% 1.91% 1.90% 1.90% 1.58% 1.58% 1.35% 1.32% 1.27% 1.27% 1.27% 1.27 % 41.15 %
			16,245,147
			LDER

d. The distribution schedule of Option holders is as follows:

WINDY KNOB RESOURCES LIMITED OPTIONS 31/12/09 $0.20

SPREADOF HOLDINGS HOLDERS NIL HOLDING 1 - 1,000 1,001 - 5,000 14 5,001 - 10,000 50 10,001 - 100,000 178 100,001 -80 TOTAL ON REGISTER322 TOTAL OVERSEAS HOLDERS 4 ANALYSIS BY LOCATION (EXCLUDES ZERO HOLDERS) OVERSEAS 4 AUSTRALIA : ACT 1 NSW 21 VIC 13 QLD 7 SA 5 WA 269 TAS 2 NT 0 ADDRESS UNKNOWN0 322	UNITS 54,237 479,635 7,825,462 31,140,661 39,499,995 283,988 283,988 100,000 4,388,220 1,733,521 247,895 922,005 31,808,966 15,400 39,499,995	%	OF IS	SUEDCAPITAL
				.00 % .14 % 1.21 % 19.81 % 78.84 % 100.00 % .72 % .72 % .25 % 11.11 % 4.39 % .63 % 2.33 % 80.53 % .04 % .00 % .00 % 100.00 %

 ** ALL HOLDERS INCLUDED                  ***  COMMON HOLDERS MERGED INTO ONE HOLDING

Yours faithfully,

David Parker, Company Secretary

For further information please contact:

David Parker, Company Secretary, Windy Knob Resources Limited, Tel: (08) 6460 4960 Windy Knob website: www.windyknobresources.com.au

Scientific or technical information in this news release has been prepared under the supervision of Mr Michael Montgomery BApps (Hons), AusIMM, a Consultant of the Company and a Member of the Australian Institute of Mining and Metallurgy. Mr Montgomery has sufficient experience which is relevant to the style of mineralisation 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” (the JORC Code). Mr Montgomery consents to the inclusion in this report of the Information, in the form and context in which it appears.

APPENDIX 1 – WINDY KNOB PROSPECT - GEOLOGY

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APPENDIX 2 – WINDY KNOB - REGIONAL GEOLOGICAL SETTINGS

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Ends.