BULLETIN RESOURCES LIMITED — Capital/Financing Update 2012

Mar 26, 2012

Appendix
3B New
issue
announcement

Rule
2.7,
3.10.3,
3.10.4,
3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information
or
documents
not
available
now
must
be
given
to
ASX
as
soon
as
available.
Information
and documents
given
to
ASX
become
ASX’s
property
and
may
be
made
public.

Introduced
1/7/96.
Origin:
Appendix
5.
Amended
1/7/98,
1/9/99,
1/7/2000,
30/9/2001,
11/3/2002,
1/1/2003,
24/10/2005.

Name
of
entity

Bulletin
Resources
Limited ABN 81
144
590
858

We
(the
entity)
give
ASX
the
following
information.

Part 1 - All issues

You
must
complete
the
relevant
sections
(attach
sheets
if
there
is
not
enough
space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Fully paid ordinary shares.
	1,624,695 fully paid ordinary shares.
	Fully paid ordinary shares.

• See
  chapter
  19
  for
  defined
  terms.

24/10/2005
Appendix
3B
Page
1

Appendix
3B New
issue
announcement

• 4 Do
  the[+] securities
  rank
  equally
  in No
  –
  quoted
  fully
  paid
  ordinary
  shares all
  respects
  from
  the
  date
  of under
  voluntary
  escrow
  for
  12
  months
  from allotment
  with
  an
  existing[+] class date
  of
  issue
  until
  26
  March

• of
  quoted[+] securities? On
  release
  from
  voluntary
  escrow
  on
  26

• If
  the
  additional
  securities
  do
  not March
  2013
  these
  shares
  will
  rank
  equally

• rank
  equally,
  please
  state: • with
  the
  existing
  quoted
  fully
  paid
  ordinary the
  date
  from
  which
  they
  do

• • shares. the
  extent
  to
  which
  they participate for the next dividend,
  (in
  the
  case
  of
  a trust,
  distribution)
  or
  interest payment

• • the
  extent
  to
  which
  they
  do not
  rank
  equally,
  other
  than
  in relation
  to
  the
  next
  dividend, distribution or interest payment

• 5 Issue
  price
  or
  consideration $0.1231 6 Purpose
  of
  the
  issue In
  consideration
  for
  tenement
  acquisition (If
  issued
  as
  consideration
  for
  the from
  Northern
  Star
  Resources
  Ltd
  as acquisition of assets, clearly announced
  to
  ASX
  on
  22
  December

• identify
  those
  assets)

• 7 Dates
  of
  entering +securities 26
  March
  2012 into
  uncertificated
  holdings
  or despatch
  of
  certificates Number +Class

• 8 Number and +class of all 63,814,823 Ordinary
  fully
  paid +securities quoted on ASX shares.
  (Code:
  BNR) ( including the securities in clause
  2
  if
  applicable)

• See
  chapter
  19
  for
  defined
  terms. Appendix
  3B
  Page
  2

24/10/2005

Appendix
3B New
issue
announcement

Number +Class 9 Number and +class of all 5,184,872 Fully
paid
ordinary +securities
not
quoted
on
ASX shares. ( including the securities in clause
2
if
applicable) 8,000,000 Unlisted
Director options
exercisable at
20
cents
and expiring
on
6/12/13. 250,000 Unlisted
employee options
exercisable at
30
cents
and expiring
on
31/3/14. 10 Dividend
policy
(in
the
case
of
a NA trust,
distribution
policy)
on
the increased
capital
(interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval NA required? 12 Is
the
issue
renounceable
or
non-­‐ renounceable? 13 Ratio
in
which
the[+] securities will
be
offered 14 +Class
of
+securities
to
which
the offer
relates 15 +Record date to determine entitlements 16 Will holdings on different registers
(or
subregisters)
be aggregated for calculating entitlements? 17 Policy
for
deciding
entitlements in
relation
to
fractions

• See
  chapter
  19
  for
  defined
  terms.

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Appendix
3B
Page
3

Appendix
3B New
issue
announcement

18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable)

• See
  chapter
  19
  for
  defined
  terms.

Appendix
3B
Page
4

24/10/2005

Appendix
3B New
issue
announcement

• 30 How
  do[+] security
  holders
  sell their
  entitlements in
  full through a
  broker?

• 31 How
  do[+] security
  holders
  sell part of their entitlements through
  a
  broker
  and
  accept
  for the
  balance?

• 32 How
  do[+] security
  holders
  dispose of
  their
  entitlements
  (except
  by sale
  through
  a
  broker)?

• 33 +Despatch
  date

Part 3 - Quotation of securities

You
need
only
complete
this
section
if
you
are
applying
for
quotation
of
securities

• 34 Type
  of
  securities ( tick
  one )

• (a)[Securities
  described
  in
  Part
  1
  ]

• (b)[All
  other
  securities
  ]

Example:
restricted
securities
at
the
end
of
the
escrowed
period,
partly
paid
securities
that
become
fully
paid, employee
incentive
share
securities
when
restriction
ends,
securities
issued
on
expiry
or
conversion
of
convertible securities

Entities that have ticked box 34(a)

**Additional

securities
forming
a
new
class
of
securities**

Tick
to
indicate
you
are
providing
the
information
or documents

• 35 If
  the[+] securities
  are[+] equity
  securities,
  the
  names
  of
  the
  20
  largest
  holders
  of
  the additional[+] securities,
  and
  the
  number
  and
  percentage
  of
  additional[+] securities held
  by
  those
  holders

• 36 If
  the[+] securities
  are[+] equity
  securities,
  a
  distribution
  schedule
  of
  the
  additional +securities
  setting
  out
  the
  number
  of
  holders
  in
  the
  categories 1
  -­‐
  1,000

• 1,001
  -­‐
  5,000 5,001
  -­‐
  10,000

• See
  chapter
  19
  for
  defined
  terms.

24/10/2005
Appendix
3B
Page
5

Appendix
3B New
issue
announcement

10,001
-­‐
100,000 100,001
and
over 37 A
copy
of
any
trust
deed
for
the
additional[+] securities

Entities that have ticked box 34(b)

38 Number
of
securities
for
which +quotation
is
sought

• 39 Class
  of +securities
  for
  which quotation
  is
  sought

• 40 Do
  the[+] securities
  rank
  equally
  in all
  respects
  from
  the
  date
  of allotment
  with
  an
  existing[+] class of
  quoted[+] securities?

• If
  the
  additional
  securities
  do
  not rank
  equally,
  please
  state: • the
  date
  from
  which
  they
  do

• • the
  extent
  to
  which
  they participate for the next dividend,
  (in
  the
  case
  of
  a trust,
  distribution)
  or
  interest payment

• • the
  extent
  to
  which
  they
  do not
  rank
  equally,
  other
  than
  in relation
  to
  the
  next
  dividend, distribution or interest payment

• 41 Reason
  for
  request
  for
  quotation now

Example:
In
the
case
of
restricted
securities,
end of
restriction
period (if
issued
upon
conversion
of another
security,
clearly
identify that
other
security)

• See
  chapter
  19
  for
  defined
  terms.

Appendix
3B
Page
6

24/10/2005

Appendix
3B New
issue
announcement

42 Number and +class of all +securities quoted on ASX (_including_the securities in clause 38)
	Number	+Class

**Quotation

agreement**

• 1 +Quotation
  of
  our
  additional +securities
  is
  in
  ASX’s
  absolute
  discretion.
  ASX may
  quote
  the[+] securities
  on
  any
  conditions
  it
  decides.

• 2 We
  warrant
  the
  following
  to
  ASX.

• The
  issue
  of
  the[+] securities
  to
  be
  quoted
  complies
  with
  the
  law
  and
  is not
  for
  an
  illegal
  purpose.

• There
  is
  no
  reason
  why
  those[+] securities
  should
  not
  be
  granted + quotation.

• An
  offer
  of
  the[+] securities
  for
  sale
  within
  12
  months
  after
  their
  issue will
  not
  require
  disclosure
  under
  section
  707(3)
  or
  section
  1012C(6)
  of the
  Corporations
  Act.

Note:
An
entity
may
need
to
obtain
appropriate
warranties
from
subscribers
for
the
securities
in
order
to
be able
to
give
this
warranty

• Section
  724
  or
  section
  1016E
  of
  the
  Corporations
  Act
  does
  not
  apply
  to any
  applications
  received
  by
  us
  in
  relation
  to
  any[+] securities
  to
  be quoted
  and
  that
  no-­‐one
  has
  any
  right
  to
  return
  any[+] securities
  to
  be quoted
  under
  sections
  737,
  738
  or
  1016F
  of
  the
  Corporations
  Act
  at
  the time
  that
  we
  request
  that
  the[+] securities
  be
  quoted.

• If
  we
  are
  a
  trust,
  we
  warrant
  that
  no
  person
  has
  the
  right
  to
  return
  the +securities
  to
  be
  quoted
  under
  section
  1019B
  of
  the
  Corporations
  Act
  at the
  time
  that
  we
  request
  that
  the[+] securities
  be
  quoted.

• 3 We
  will
  indemnify
  ASX
  to
  the
  fullest
  extent
  permitted
  by
  law
  in
  respect
  of
  any claim,
  action
  or
  expense
  arising
  from
  or
  connected
  with
  any
  breach
  of
  the warranties
  in
  this
  agreement.

• 4 We
  give
  ASX
  the
  information
  and
  documents
  required
  by
  this
  form.

If
any information
or
document
not
available
now,
will
give
it
to
ASX
before +quotation
of
the +securities
begins.
We
acknowledge
that
ASX
is
relying
on the
information
and
documents.
We
warrant
that
they
are
(will
be)
true
and complete.

• See
  chapter
  19
  for
  defined
  terms.

24/10/2005
Appendix
3B
Page
7

Appendix
3B New
issue
announcement

Sign
here: Date:
26
March
2012 ~~(Director~~ /Company
secretary)

Print
name: SUSAN
HUNTER

==
==
==
==
==

• See
  chapter
  19
  for
  defined
  terms.

Appendix
3B
Page
8

24/10/2005