BUXTON RESOURCES LIMITED — Capital/Financing Update 2007

Oct 18, 2007

AgN: 85 (25 (40 55)

15 October 2007

Mr Nicholas Ong Australian Stock Exchange Limited Level 2 8 The Esplanade Perth WA 6000

Dear Nick

DETAILS OF ESCROW ARRANGEMENTS

We confirm the escrow provisions applying to certain of the Company's securities as follows:

Securities restricted for 24 months from date of quotation

Securities	Restriction period 24 months from date of quotation
7,366,250 Fully paid ordinary Shares
8,000,000 Unlisted Options	24 months from date of quotation of fully paid ordinary shares

Securities restricted for 12 months from date of issue

Securities	Restriction period	Issue date
3,933,750 Fully paid ordinary Shares	12 months from date of issue	15/05/2007
600,000 Fully paid ordinary Shares	12 months from date of issue	04/07/2007
750,000 Unlisted Options	12 months from date of issue	15/05/2007

If you require any further information please contact me.

Yours, sincerely

Graeme Smith Company Secretary