ATHENA RESOURCES LIMITED — Capital/Financing Update 2010

Feb 28, 2010

1 March 2010

ISHINE TAKES A STRATEGIC POSITION AT ATHENA RESOURCES LIMITED

The Board of Ishine International Resources Limited (“Ishine”) (ASX Code: ISH) is pleased to announce that the Company agrees to take up a strategic position at Athena Resources Limited (“Athena”) (ASX Code:AHN) for up to 19.9% in Athena, subject to the approval of Athena shareholders.

Ishine will invest $1,037,500 in Tranche 1 for 8,300,000 Fully Paid Ordinary Shares at 12 cents per share with 4,150,000 Options exercisable at 8 cents expiring on 30 April 2012 at 1 cent per option.

Subject to exercising its Option at anytime before 5.00(WST) on 31 October 2010, Ishine can further increase their stake in Athena by 5,935,823 Fully Paid Ordinary Shares at 20 cents per share with 2,967,912 Options expiring exercisable at 8 cents expiring on 30 April 2012 at 1 cent per option.

On completion of the Tranche 1 investment, Ishine will nominate Dr Caigen Wang as a director of Athena.

The funding from Ishine will assist Athena to further accelerate exploration at the Byro Iron Ore Project in Mid West WA.

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