Celsius Resources Limited — Capital/Financing Update 2011

Feb 10, 2011

==> picture [282 x 106] intentionally omitted <==

11 February 2011

Company Announcements Platform ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam

View Resources Ltd (VRE) ACN 009 162 949

DOCA and Recapitalisation Proposal

VRE is pleased to advise that the Recapitalisation Proposal and effectuation of the Deed of Company Arrangement was completed on the 9[th] February 2011. Control of VRE has now been handed over to the newly appointed Board so that they may move to complete all outstanding hurdles to enable the company to be relisted on the ASX.

Yours faithfully

==> picture [133 x 50] intentionally omitted <==

Ranko Matic Non-Executive Chairman Company Secretary