CASSIUS MINING LIMITED — Capital/Financing Update 2008

Jul 27, 2008

28 JULY 2008

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ASX ANNOUNCEMENT

RELEASE OF RESTRICTED SECURITIES FROM ESCROW

In accordance with Listing Rule 3.10A, the company wishes to advise that the following securities will be released from escrow on 10 August 2008.

13,700,005 fully paid ordinary shares

6,750,000 options exercisable at $0.20 on or before 30 June 2011

Further Information:

Scott Reid, Chairman t: 02 8247 5333

www.gulfresources.com.au

Level 10 Gold Fields House 1 Alfred Street Sydney NSW 2000 ● PO Box R745 Royal Exchange NSW 1225 Australia t +61 2 8247 5333 ● f +61 2 9247 7722 ACN 115 027 033

SYDNEY ● LONDON ● TANZANIA ● VIETNAM