BUXTON RESOURCES LIMITED — Capital/Financing Update 2007

Oct 18, 2007

MARKET RELEASE

19 October 2007

Buxton Resources Limited

PRE-QUOTATION DISCLOSURE

Buxton Resources Limited (the "Company") was admitted to the Official List of ASX Limited on Friday, 19 October 2007.

Official Quotation of the following securities will commence at 1.00 pm E.S.T. on Tuesday, 23 October 2007.

The following information is released as pre-quotation disclosure.

• $1.$ Distribution schedule - Appendix 1A, paragraph 48.
• $2.$ Top 20 holders.
• Updated pro-forma statement of financial position $\overline{3}$ .
• Updated statement of commitments $\overline{4}$ .
• 1. The full terms and conditions of the employee share option plan.
• 1. The full terms and conditions of unquoted options.
• $7₁$ A statement disclosing the extent to which the Company has followed the best practice recommendations set by the ASX Corporate Governance Council.
• A statement confirming satisfaction of the condition precedent in respect of the 8. farm-in agreement between the Company and AXG
• 1. A statement confirming completion of various letter agreements between the Company and Montezuma Mining Company Limited, Ronald Smit, and Duketon Consolidated Limited and South Boulder Mines Limited
• Number of securities subject to escrow and the escrow period. $10.$

Security Code: BUX

A Ducidine

Nicholas^f Ong Senior Adviser, Issuers (Perth)