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CLARA RESOURCES AUSTRALIA LTD Capital/Financing Update 2010

Oct 18, 2010

64598_rns_2010-10-18_95fe28a6-1fc7-45ac-a81c-7cbc58577d93.pdf

Capital/Financing Update

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Link Market Services Limited Level 15 ABN 54 083 214 537 324 Queen Street Brisbane QLD 4000 Australia

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18 October 2010

ASX Limited Level 5 Riverside Centre 123 Eagle Street Brisbane QLD 4000

Re: AusNiCo Limited (ANW) - Escrow Shares and Options

In accordance with the terms and conditions of the AusNiCo Limited (ANW) Initial Public Offer, we confirm that the escrow shares and options classified as restricted under the ASX listing requirements will be held on the Issuer sub-register subject to a holding lock.

SecurityANWO1ESCANWO2ESCANWESC1 Escrowperiod Number ofshareholders Mandatoryescrows TotalSecurities
Options – 24Months 6 22,000,000 22,000,000
Options– 24Months 3 2,900,000 2,900,000
Shares – 24Months 8 72,000,000 72,000,000

Such ASX escrowed shares and options will not be released for trade without prior written consent from the ASX and the company.

Yours sincerely

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Vaasa Afa Manager, Capital Markets Brisbane Direct Line: 07 3320 2228

Telephone 07 3220 2228 – Facsimile 07 3228 4999 – www.linkmarketservices.com.au