CASSIUS MINING LIMITED — Capital/Financing Update 2008

Jun 11, 2008

12 June 2008

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ASX Announcement

Underwriting of the Option Entitlement Issue

The Directors wish to advise that a European investor has agreed to underwrite the Gulf Resources Limited Option Entitlement Issue.

Please note that the closing date for the option entitlement issue is 20 June 2008.

Shareholders should ensure that their completed entitlement acceptance application forms are returned to the share registry by the due date. Any queries can be directed to Security Transfer Registrars Pty Ltd on 08 9315 2333.

For further information please contact Scott Reid on 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

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