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CENTAURUS METALS LIMITED Capital/Financing Update 2004

Dec 15, 2004

64715_rns_2004-12-15_770acf2b-dd9d-4397-9870-474758517c2d.pdf

Capital/Financing Update

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16 December 2004

Manager Company Announcements Company Announcements Office Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam

ANNOUNCEMENT

ONE FOR FOUR ENTITLEMENTS ISSUE FULLY SUBSCRIBED

The directors of Glengarry Resources Limited are pleased to announce that shares from a shortfall to a one for four entitlements issue (Record Date 2nd September 2004) have been fully allocated and that the issue is now closed. A total of 31,576,787 New Shares were issued to raise gross proceeds of \$1,105,187.

The proceeds from the entitlements issue will be used to fund exploration work on Glengarry's strategic land holdings in Eastern Australia including drilling programs scheduled for the first quarter of 2005.

The directors wish to thank those shareholders and investors who participated in the entitlements issue.

Yours faithfully

DAVID RICHARDS Managing Director

GLENGARRY RESOURCES LIMITED ABN 40 009 468 099 Telephone: (08) 9322 4929 Facsimile: (08) 9322 5510 PO Box 975, West Perth, WA 6872 35 Havelock Street, West Perth, WA 6005 Website: www.glengarrynl.com.au Email: [email protected]