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CHALLENGER GOLD LIMITED Capital/Financing Update 2009

Oct 22, 2009

64637_rns_2009-10-22_0287475e-970e-4871-b642-132299615169.pdf

Capital/Financing Update

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23 October 2009

Manager Announcements Company Announcements Office Australian Stock Exchange Limited th 4 Floor, 20 Bridge Street Sydney NSW 2000

ASX/Media Announcement

ESCROW RELEASE

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The Company advises that on 7 November 2009, the following securities will be released from escrow:-

7,600,000 Ordinary Fully Paid Shares

4,500,000 Options exercisable at $0.20 on or before 30 September 2010 (unlisted)

Yours faithfully,

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Cecilia Chiu Company Secretary

address Level 2, 79 Hay Street, Subiaco WA 6008

postal address PO Box 1424, West Perth WA 6872 telephone + 61 8 9200 4472 facsimile +61 8 9200 4476

email [email protected] website www.sunsetenergy.com.au

ACN 123 591 382