BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2009

Sep 8, 2009

AUSTRALIAN STOCK EXCHANGE CODE AAM

8[th] September 2009

ASX ANNOUNCEMENT

BrightStar Gold Project Development Update Financing Completed for Gold Production to Commence

� Terms Agreed for Power Plant Equipment Finance

� Currently On Schedule for December Gold Pour

A1 Minerals Limited (A1) recently announced that as at the end of August the Treatment Plant Refurbishment and Site Construction Contractor, CPC Engineering had almost completed the Plant Refurbishment and half completed the Site Construction resulting in an overall contractual project completion of 77.05%.

Following this announcement and in accordance with the development timetable the directors are pleased to announce that they have agreed equipment finance terms for a 2 Megawatt Power Plant to be installed at site.

Subject to A1 continuing to meet its development targets, including the final operating approvals being received from the Department of Mines and Petroleum, this financing of a major piece of capital equipment will mean that, other than minor mobile equipment, and associated drilling program expenditure, there are no other outstanding financing requirements to complete the current development planning and to achieve the Company’s aim of gold production in early December.

Yours sincerely

==> picture [73 x 80] intentionally omitted <==

John Williams

Managing Director - A1 Minerals Limited

The information in the statement of Mineral Resources for the BrightStar Gold Project is based on information compiled by Mr Anthony Ryall who is an independent consulting geologist and a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the JORC Code (2004). Mr Anthony Ryall has provided Competent Person sign‐off for the quality and representativity of the drill hole data, geological interpretations, resource estimation procedures and results.

The information in this report that relates to BrightStar Gold Project ore reserves estimates is based on information compiled by Mr John Williams who is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the mining method undertaken to qualify as a Competent Person as defined in the JORC Code (2004). Mr John Williams is a full time employee of A1 Minerals Ltd and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

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

BACKGROUND INFORMATION

A1 Minerals Limited formed as a company in May 2002 and successfully listed in December 2003 and since then maintained its pure gold focus. By acquiring, exploring and developing its assets in the highly prospective Laverton district A1 Minerals Limited (A1) is now close to realizing its goal of becoming an emerging Australian gold miner.

A1’s 100% owned BrightStar Gold Project is situated in the in the Eastern Goldfields of Western Australia, a frontier for new gold deposits, some of which have become world class mines, including Barrick's Wallaby/Granny Smith and AngloGold Ashanti's Sunrise Dam gold operations. The Company has ground holdings of more than 2500 square kilometers; JORC Resources (as previously reported (21 April 2009) of more than 1.7Moz gold including JORC Reserves of more than 150,000oz gold; and its own gold treatment plant currently under construction. The BrightStar Gold Project is scheduled to be in production in the 2009 December Quarter and planned to produce a minimum of 30,000oz gold per annum for more than 4 years