BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2006

Feb 9, 2006

AUSTRALIAN STOCK EXCHANGE CODE AAM

A1 COMPLETES PLACEMENT TO RAISE \$1.628m

The Directors of A1 Minerals Limited (A1) are very pleased to announce the placement today of 7,400,000 fully paid ordinary shares (which will comprise approximately 13% of the company's issued capital) to selected sophisticated and professional investors. The issue has raised \$1,628,000.

The following information is provided pursuant to ASX listing rule 3.10.3

• The securities to be issued pursuant to the placement will rank equally in all respects with those shares already on issue:
• The issue price is 22 cents;
• The issue will enable the Company to complete current development and exploration programs;
• A1 Minerals is not required to seek and will not be seeking shareholder approval in relation to this proposed issue:
• The issue is not being made to a specific class of security holders.

A1 will be applying to the ASX for quotation of the above securities once allotment and issue details have been finalised. This is anticipated to occur within the next few days.

Following listing and quotation of these 'placement shares' A1 will have a total of 57,862,649 shares on issue.

For recent announcements and further information please refer to our web site www.a1minerals.com.au.

On behalf of A1 Minerals Limited

Mark Pitts Company Secretary