BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2009

Jul 29, 2009

AUSTRALIAN STOCK EXCHANGE CODE AAM

30[th] July 2009

ASX ANNOUNCEMENT

Key Approvals for BrightStar Gold Plant

Directors of A1 Minerals Limited are pleased to announce receipt of approvals from both the Department of Environment and Conservation (DEC) and the Department of Mining and Petroleum (DMP) for the Brightstar – Beta Gold Project.

The DEC has granted Works Approval for the construction of the treatment plant and the DMP has granted, subject to the lodgement of bonds, Environmental Mining Approval.

These approvals, together with the successful raising of $2.9m under the recent Share Purchase Plan (ASX 29 July 2009), continue the process for the development of the BrightStar Gold Project and allow the company to maintain its impetus towards a commencement of production in the December quarter.

Yours sincerely

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John Williams Managing Director - A1 Minerals Limited

BACKGROUND INFORMATION

A1 Minerals Limited (A1) is an emerging Australian gold miner with its 100% owned BrightStar Gold Project currently in development. The BrightStar is situated in the highly prospective Laverton district 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. Since successfully listing on the ASX in December 2003, A1 Minerals (ASX: AAM) has grown its assets through prudent acquisition and successful exploration to a total ground holding of more than 2500 square kilometers; JORC Resources 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 December 2009 and planned to produce 30,000oz gold per annum for at least 4 years.

The information in this report that relates to BrightStar Gold Project ore reserves estimates and resources is based on information compiled by Mr John Williams and Mr Anthony Ryall respectively, both men are members of the Australasian Institute of Mining and Metallurgy and have 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 Mr Anthony Ryall is an independent contractor and both men consent 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