BOSS ENERGY LTD — Capital/Financing Update 2012

Oct 18, 2012

ASX ANNOUNCEMENT

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----- Start of picture text ----- 19 OCTOBER 2012----- End of picture text -----

ISSUE OF BOSS RESOURCES LIMITED SHARES SECONDARY TRADING NOTICE

NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("Act")

On 19 October 2012 Boss Resources Limited ("the Company") issued 10,000,003 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per share ("Shares"), to various Australian based institutional and sophisticated investors. Funds raised will be utilised in furthering Boss’ exploration programs in Burkina Faso and for working capital purposes.

Secondary Trading Exemption

The Act restricts the on‐sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at 19 October 2012 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at 19 October 2012 there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Securities.

Leigh Ryan Managing Director +61 (0) 427 093 043 Evan Cranston Executive Director +61 (0) 408 865 838 Website: www.bossresources.com.au

Boss Resources Limited is a gold and oil shale exploration company focused on increasing shareholder and other stakeholder wealth by exploring for and developing quality mineral resources. Evaluation and acquisition of additional highly prospective projects in West Africa, especially in Burkina Faso, and the development of an oil shale processing facility in Tasmania is seen as critical to the growth of the company.

Australian Office

Suite 23, 513 Hay St, Subiaco WA 6008 PO Box 1311, Subiaco WA 6904 Tel: +61 (8) 6143 6730 Fax: +61 (8) 9388 8824 ABN 38 116 834 336

www.bossresources.com.au

info@bossresources.com.au

Burkina Faso Office 361 Avenue Babanguida, Zone du Bois 06 BP 10656 Ouagadougou 06 Tel: +226 5036 0486