CASSIUS MINING LIMITED — Share Issue/Capital Change 2008

May 29, 2008

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30 May 2008

The Listing Manager Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir,

Gulf Resources Limited hereby gives notice pursuant to the provisions of section 708A (5) (e) of the Corporations Act in respect to the issue of 14,775,000 fully paid ordinary shares (“Securities”) that:

• (a) The Securities were issued without disclosure under Part 6 D.2 of the Corporations Act.

• (b) As at the date of this notice, the Company has complied with:

• (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (ii) section 674 of the Corporations Act; and

• (c) as at the date of this notice there is no excluded information, as that term is defined in sections 708A (6) (e),708A (7) and 708A (8) of the Corporations Act.

Yours faithfully Gulf Resources Limited

Wayne Kernaghan Company Secretary

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

www.gulfresources.com.au

SYDNEY ● LONDON ● TANZANIA ● VIETNAM