COMPLII FINTECH SOLUTIONS LTD — AGM Information 2007

Dec 5, 2007

Retail Star Limited (ASX:RSL)

Managing Director’s report AGM 6 Dec 2007

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Disclaimer

Material used in this presentation is a summary of selected data, and any investor in Retail Star Limited should refer to all Retail Star Limited ASX releases and statutory reports before considering investment in the company.

Any forward looking information in this presentation has been prepared on the basis of a number of assumptions that may prove not to be correct. Neither Retail Star Limited, nor its officers, employees and advisors make or give any representation, warranty or guarantee in relation to this presentation.

Retail Star Limited reserves the right to update, amend or supplement the information in this presentation at any time in its absolute discretion without incurring any obligation to do so.

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Retail Star Limited – The Company

• Market cap: A$10.3m (4 Dec 2007):

• Full Paid Ordinary Shares: 513,029,753

• includes 80m in escrow til Aug 2008

• Cash: A$1.8m

• Major Shareholders:

• Red Rock Resources Plc:15.6% (In escrow til Aug 2008)

  • Opportunity to increase to 29% with options & performance shares

• Top 20 shareholders: 37%

• Exploration & retail assets

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Retail Star Limited - Board

Chairman	Andrew Bell	Former mining analyst, fund manager, and investment banker. Chairman of AIM-listed Regency Mines plc and Red Rock Resources plc.
Managing Director/Chief Executive Officer	Ian Scott	Geologist with over 30 years’ experience in mining geology and exploration with major Australian minerals development companies. Former Chief Geologist at Olympic Dam copper- uranium mine.
Non Executive Directors	Ross Kestel	Chartered Accountant and Certified Practising Accountant. Director of Nissen Kestel Harford. Has acted as director and company secretary of public companies involved in mineral exploration, mining and other industries.
	Manoli Yannaghas	Former financial analyst working with international brokerage houses. Expertise in designing, negotiating and implementing integrated commercial strategies for start-up companies.
Company Secretary	Simon Headon	Certified Practising Accountant for over 14 years

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World Uranium demand

• The world’s 439 nuclear power reactors currently generate 16% of the world’s electricity.

• Another 33 reactors are under construction and a further 94 are planned, or on order.

• China has a dozen reactors under construction or about to start construction, with about 25 more planned and a further 86 proposed.

• India has six reactors under construction and a further 10 planned.

Chris Salisbury, Energy Resources of Australia Ltd, December 4, 2007

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Uranium spot price

Nov 26 = US$93/lb U O 3 8

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Uranium exploration assets

� Current lease interests

• Australia:

• Northern Territory (Total area: 770 km[2] )

• Western Australia (Total area: 210 km[2] )

� Africa:

• The leases in Malawi are currently being finalised with Malawi Government. On successful completion a total area of 571km[2] of lightly-explored prospective area will be added to the RSL assets.

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Australian tenements

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RSL leases

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WA - Mt Alfred E29/581

Targets : Uranium in near-surface calcrete and in deeper sandy sediments where redox boundaries may occur.

Task	Schedule
Phase 1 (2007-08): 1. Collategeology,geophysics,geochemistry.	Q4 2007
2. Portable radiometrics/sampling over drainage channel. Confirm Uranium chemistry.	Q4 2007
3. Coarse-spaced auger/air-core drilling on eastern side of lease. Confirm location of Uranerz anomalies and test remainder of eastern zone.	Q2 2008
Phase 2 (2008-09): 4. Coarse-spaced drilling over selected areas of rest of drainage channel	Q3-4 2008
5. In-fill aircore drilling	Q1 2009

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Initial exploration
focus is on drainage
channel
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Northern Territory leases

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Edith River EL23568, Woolgni EL23569, Daly River Road EL24391, Hayes Creek South EL 24432, Marrakai EL24614. Celia ELA24414 (13km[2] ) not granted.

Targets : Uranium (gold, iron ore)

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Proposed program	Schedule
2007-08 1.Detailed radiometrics/magnetics over U anomalies 2.Geological mapping,geochemistry	Q2 2008
3. Geophysical/geological/structural interpretation	Q2/3 2008
2008-09 4. Follow-upanomalies – soil/rockgeochemistry	Q3/4 2008
5. Prioritise and drill targets – reverse circulation (RC), ±diamond	Q4 2008 – Q2 2009

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Edith River & Woolgni leases - known Uranium

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Uranium
occurrences
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EL24391 Daly River Road radiometric anomalies

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EL 24814 Marrakai Uranium

anomalies

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Africa: Malawi

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Republic of Malawi fast facts

• Area: 118,484 km[2] (Victoria = 237,629 km[2] )

• Population: 13 million (Victoria = 5.2m)

• Full independence granted July 1964. Formerly Nyasaland (British).

• President Bingu wa Mutharika (Democratic Progressive Party) leader since 2004

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Malawi – prospective, supportive

• Infrastructure recently improved

• Highly prospective for Uranium (and Rare Earths, Tantalum, Niobium)

• Strong government support for uranium projects

• English widely spoken

• Good access to leases – sealed roads

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Malawi generalised Geology

• �Great Rift Valley

• �Lake Malawi

585 km x <100km

• 3[rd] largest in Africa

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Malawi – RSL interests

Target: Uranium

High priority radiometric targets identified from airborne geophysics during UN-sponsored Development Program in mid 80’s. Program undertaken by Canadian geophysical contractors, Paterson, Grant, Watson Limited ( PGW ). Little or no follow-up since then. Anomalies re-analysed by PGW in 2007.

Chintheche lease (211 km[2] ) granted to Red Rock Resources Plc in June 2007. Awaiting approval from Commission & Minister for transfer to RSL. Machinga lease (360 km[2] ) grant recommended. Awaiting approval from Minister.

RSL Directors met with Malawi Government officials, 13 Nov 2007, to facilitate the transfer of leases from Red Rock Resources Plc to Retail Star Limited. Very positive meeting.

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Machinga lease
M8 (M1) to
Lilongwe
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Lease area = 360km[2]

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Machinga lease geology
Road
Machinga
anomalies
Chinduzi
anomaly –
HIGH
PRIORITY
PGW
TARGET
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Chintheche Lease
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Kayelekera (Paladin) 11,377 tonnes U3O8 in reserves.

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Lease area = 211km[2]

Chintheche lease geology

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RSL Malawi Work Program

Obtain latest geology & geophysics maps and reports Q4 2007 (Malawi Geological Survey). Completed. Confirm exploration model and targeting strategy Q4 2007 Field reconnaissance and first pass sampling Q1 2008 (weather permitting) Confirm geology and radiometric anomalies. Detailed Q1/Q2 2008 mapping Undertake soil geochemistry survey Q2 2008 Acquire detailed geophysical data – radiometrics & Q2/3 2008 ma netics g Evaluate targets and drill (staged programs) Q3/Q4 2008

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Opportunity!

Some ASX-listed uranium companies in Malawi

	Mkt Cap	Properties	Share Price	6 month high/low
Retail Star Limited (ASX)	A$10.3m	Australia *6 Malawi *2	$0.02	$0.01 – $0.05
Globe Uranium Limited (ASX)	A$26.7m	Malawi 2 Argentina 3	$0.57	$0.40 - $0.98
Mantra Resources Limited (ASX)	A$80.9m	Malawi 2 Tanzania 6	$1.78	$0.66 - $1.88
Paladin Energy Ltd (ASX)	$A395m	Malawi 1 Namibia 1 Australia *7	$6.74	$5.50 - $9.36

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