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CENTAURUS METALS LIMITED Capital/Financing Update 2005

Feb 10, 2005

64715_rns_2005-02-10_d54a8723-d59c-49d5-86ff-c8272963f5fd.pdf

Capital/Financing Update

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11 February 2005

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

Dear Sir/Madam

ANNOUNCEMENT

EMPLOYEE INCENTIVE SCHEME - GRANT OF OPTIONS

The directors of Glengarry Resources Limited announce that in accordance with the terms of the company's Employee Incentive Scheme the following securities have been granted:

Description: Options
Terms: Exercisable at 10 cents per ordinary share fully paid
Quantity: 500,000
Date of issue: 11 February 2005
Exercise date: 30 June 2006
Consideration: No consideration
Listing: Unlisted options
Description: Options
Terms: Exercisable at 15 cents per ordinary share fully paid
Quantity: 500,000
Date of issue: 11 February 2005
Exercise date: 30 June 2007
Consideration: No consideration
Listing: Unlisted options

Yours faithfully

Charis

Allan T Harris Company Secretary

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]