BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2008

Jul 16, 2008

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----- Start of picture text ----- AUSTRALIAN STOCKEXCHANGE CODE AAMCurrent Issued Capital: 101,041,861 Ordinary Fully Paid Shares Market Cap at 11 cents $11M Cash at Bank: $4.9M----- End of picture text -----

17 July 2008

ASX ANNOUNCEMENT

GOLD PROCESSING PLANT PURCHASE

A1 Minerals wishes to advise a correction to its announcement released earlier to day where in it was noted that consideration for the agreed purchase of a gold processing plant was comprised of cash, shares and options.

The reference to the shares and options component of the consideration should have read;

• 7,500,000 ordinary shares in A1 Minerals to be issued to the vendor at settlement (subject to shareholder approval). The shares will be subject to voluntary escrow for a period of six months from the date of issue;

• 5,000,000 unlisted options exercisable at 20 cents on or before 31 May 2011 to be issued to the vendor at settlement (subject to shareholder approval).

For more information please contact John Williams on 61 8 9244 1400 or visit the Company’s web site at www.a1minerals.com.au

John Williams Managing Director

Suite 34, 25 Walters Drive, Osborne Park WA 6017 Telephone (618) 9244 1400 Facsimile (618) 9244 1600 Email info@a1minerals.com.au Website www.a1minerals.com.au ABN 44 100 727 491