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CENTAURUS METALS LIMITED Capital/Financing Update 2004

Sep 27, 2004

64715_rns_2004-09-27_c56e2cda-c8e0-4fe4-937a-d128664386b9.pdf

Capital/Financing Update

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28 September 2004

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

Dear Sir/Madam

ANNOUNCEMENT

Pro rata non-renounceable one for four entitlements issue of ordinary shares at 3.5 cents per share to raise \$1,105,187 by the issue of 31,576,787 ordinary shares

The directors of Glengarry Resources Limited announce that shareholders have subscribed for 11,648,158 ordinary shares representing \$407,685 in value in the entitlements issue.

The shortfall to the entitlements issue is 19,928,629 ordinary shares representing \$697,502 in value.

In accordance with the terms of the Prospectus dated 24 August 2004 the directors have three months, until 23 December 2004, in which to place the shortfall and negotiations with interested parties have commenced.

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

Yours faithfully

DAVID RICHARDS Managing Director

GLENGARRY RESOURCES LIMITED ABN 40 009 468 099 PRINCIPAL OFFICE QUEENSLAND OFFICE Telephone: (07) 4772 5880 Facsimile: (07) 4772 4999 Telephone: (08) 9322 4929 Facsimile: (08) 9322 5510 PO Box 975, West Perth, WA 6872 PO Box 908 Castletown, QLD 4812 35 Havelock Street, West Perth, WA 6005 68 Railway Avenue, Railway Estate, QLD 4810 Website: www.glengarrynl.com.au Email: [email protected]