Celsius Resources Limited — Capital/Financing Update 2005

Jul 14, 2005

15 July 2005

Company Announcements Office Australian Stock Exchange Ltd 20 Bond Street SYDNEY NSW 2000

By e-lodgement

VIEW COMPLETES BRONZEWING ACQUISITION

View Resources Limited ("View" or "Company") is pleased to announce that following the successful completion of the recent \$7.58m Rights Issue, the Company has now completed the final \$1.5m payment to Newmont Yandal Operations Pty Ltd in respect of the 100% acquisition of the Bronzewing tenements and plant.

With completion now finalised, the Company looks forward to pushing ahead with the Cockburn Underground feasibility and drilling program. View is also nearing completion of its Zone 29 drilling program designed to extend current mining operations to the previously identified broad conductive zone to the east of existing operations. Full details are scheduled to be available 22 July 2005.

Also attached is an Appendix 3B in respect of the Class C Incentive Share Milestone.

Yours faithfully

PETER LANDAU Director/Company Secretary View Resources Limited

About View Resources

View Resources is a nickel and gold mining company that alms to quickly transform projects into cash operations. View Resources operates Carnilya Hill and Zone 29 nickel operations, located in the rich Kambalda nickel province and has secured the Bronzewing gold project from Newmont Australia.

	Telephone: (08) 9226 4611
Facsimile:	{08} 9226 4655

Level 12, London House 216 St Georges Tce, Perth WA 6000 ABN 95 009 162 949

Postal Address PO Box 7656 Cloisters Square WA 6850

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000. 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

VIEW RESOURCES LIMITED

ABN

95 009 162 949

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• ⁺Class of ⁺securities issued or to $\mathbf{1}$ be issued
• Number of $+$ securities issued or $\overline{2}$ to be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities $\overline{3}$ (eg, if options, exercise price and expiry date; if partly paid $+$ securities. the amount outstanding and due dates for $+$ convertible $\operatorname{if}$ payment; securities, the conversion price and dates for conversion)

4	Do the $+$ securities rank equally in all respects from the date of allotment with an existing + class of quoted + securities?
	If the additional securities do not rank equally, please state: the date from which they do the extent to which they ٠ participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution interest Oľ payment
5	Issue price or consideration
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
7	Dates of entering + securities into uncertificated holdings or despatch of certificates
8	Number and $^{+}$ class of all + securities quoted on ASX (including the securities in clause 2 if applicable)	Number	+ Class

1,500,000 Ordinary Fully Paid Shares are subject to 12 month escrow until 25 August 2005. $\ast$

• $\overline{9}$ Number and ⁺class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)
• $10¹⁰$ Dividend policy (in the case of a $\boxed{\phantom{1}}$ trust, distribution policy) on the increased capital (interests)

Number	+ Class

Part 2 - Bonus issue or pro rata issue

11	security holder approval Is. required?
12	Is the issue renounceable or non- renounceable?
13	Ratio in which the *securities will be offered
14	Class of securities to which the offer relates
15	*Record determine date to. entitlements
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17	Policy for deciding entitlements in relation to fractions
18	Names of countries in which the entity has *security holders who will not be sent new issue documents
	Note: Security holders must be told how their entitlements are to be dealt with.
	Cross reference: rule 7.7.
19	Closing оf date for receipt acceptances or renunciations
20	Names of any underwriters

21	Amount of any underwriting fee or commission
22.	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	any handling fee Amount of brokers who lodge payable to acceptances or renunciations on behalf of *security holders
25	If the issue is contingent on *security holders' approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27.	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on
	which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29.	Date rights trading will end (if
	applicable)
30	How do *security holders sell their entitlements in full through a broker?
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?
32	How do *security holders dispose of their entitlements (except by sale through a broker)?
33	*Despatch date

Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

34	Type of securities (tick one)
$\left( \text{a} \right)$	Securities described in Part 1
(b)	All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the *securities are *equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders
• If the "securities are "equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1.000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$ 100,001 and over
• 37

A copy of any trust deed for the additional *securities

Entities that have ticked box 34(b)

38 Number of securities for which 8,500,000 *quotation is sought

39 Class of *securities for which quotation is sought

Ordinary Fully Paid Shares

40	Do the securities rank equally in all respects from the date of allotment with an existing "class of quoted securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do extent to which the. they ۰ participate for the next dividend, the fin case οf trust. $\mathbf{a}$ distribution) or interest payment the extent to which they do not $\bullet$ rank equally, other than in relation to the next dividend, distribution or interest payment
41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period	Conversion of Class C Incentive Shares upon satisfaction of conversion milestone.
	upon conversion $(ii$ issued οf another security, clearly identify that other security)
42	Number and + class of all + securities quoted on ASX (including the securities in clause 38)	147,443,310	Ordinary Fully Paid Shares.
		37,893,630	Options (20 cents, 30 June 2008)

Ouotation agreement

• $\mathbf{I}$ *Ouotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the *securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the *securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before "quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: 15 July 2005

Sign here:

Director/Company Secretary

Print name:

Peter Landau

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