BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2006

Dec 4, 2006

5 December 2006

THE MANAGER COMPANY ANNOUNCEMENTS AUSTRALIAN STOCK EXCHANGE SYDNEY NSW 2000

Dear Sir / Madam.

ENTITLEMENT ISSUE PROSPECTUS DESPATCHED

In accordance with our estimated timetable the Company confirms that all prospectuses and entitlement application forms were despatched to shareholders today 5 December 2006.

As a reminder, the indicative timetable for the entitlement issue is set out below:

Prospectus date	23 November 2006
Existing shares quoted on an "ex" basis to determine entitlement for the offer	28 November 2006
Record Date (for determining shareholders' entitlements to receive an issue of new shares under the Entitlement Issue)	4 December 2006
Entitlement and Acceptance form and Prospectus despatched to Shareholders	5 December 2006
Closing date of Entitlement Issue	19 December 2006
Notify ASX of under subscriptions	21 December 2006
Dispatch of Shareholder Statements	21 December 2006

Yours faithfully

Efekte

MARK PITTS Company Secretary