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BUXTON RESOURCES LIMITED Capital/Financing Update 2011

Jan 6, 2011

64585_rns_2011-01-06_1a39499b-e7a5-4da3-8f4f-daa6dde99618.pdf

Capital/Financing Update

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MARKET RELEASE

7 January 2011

Buxton Resources Limited

TRADING HALT

The securities of Buxton Resources Limited (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Tuesday, 11 January 2011 or when the announcement is released to the market.

BUX Security Code:

Cameron Bill Adviser, Listings (Perth)

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7 January 2011

Mr Cameron Bill Australian Securities Exchange Level 3 Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Mr Bill

TRADING HALT REQUEST

The Directors of Buxton Resources Limited (ASX: BUX) request a trading halt be placed on the Company's securities pending the release of an announcement regarding a capital raising.

The Company requests the securities remain in pre-open until the earlier of an announcement in relation to capital raising or the commencement of trade on Tuesday 11th January 2011.

The Company is not aware of any reason why this should not be granted.

Yours sincerely.

Sam Wright Company Secretary