BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2005

Dec 4, 2005

West Australian Metals Ltd ABN 71 001 666 600

Registered Office and Administration 129 Edward Street Perth WA 6000 Phone (08) 9227 1186 Fax (08) 9227 8178

Postal Address PO Box 8178 Perth Business Centre WA 6849

5 December 2005

Manager Announcements Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir,

PROPOSED SALE OF GOLD PROPERTIES

The Board of West Australian Metals Ltd wishes to advise that the Company has entered into an agreement with A1 Minerals Limited (AAM) over the sale of gold exploration properties held by its wholly owned subsidiary, Bronzewing Gold Ltd in the Laverton and Leonora area of Western Australian.

Subject to the due diligence to be completed within 30 days, A1 Minerals has agreed to pay \$100,000 and issue the Company with 2,000,000 A1 Minerals fully paid shares for 100% interest in the tenements situated in the Duketon Belt to the north of Laverton and to the east of Leonora.

The acquisition by A1 Minerals will strengthen A1's gold resource base at the Bright Star Gold Project and will provide additional exploration potential while enabling West Australian Metals to focus on new project acquisitions.

Yours faithfully. for WEST AUSTRALIAN METALS LTD

D A Hamlyn Executive Director