COMPLII FINTECH SOLUTIONS LTD — Interim / Quarterly Report 2012

Jul 30, 2012

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Level 9, 440 Collins Street, Melbourne VIC 3000

www.ResourceStar.com.au ABN 71 098 238 585

RESOURCE STAR QUARTERLY REPORT TO 30 JUNE 2012

HIGHLIGHTS

Livingstonia Uranium Project

• During the quarter, Resource Star announced that it would acquire the remaining 80% of the Livingstonia Uranium Project in Malawi (JORC compliant Inferred Mineral Resource of 8.3 million tonnes averaging 325ppm eU3O8 for a contained 6.0 million pounds of eU3O8) from Globe Metals and Mining, subject to required regulatory approvals in Malawi. The • approval process is underway

• Globe Metals and Mining will acquire the remaining 80% of the Machinga Niobium-REE Project from Resource Star

• Resource Star and Globe Metals and Mining have granted each other a gross production royalty interest in the project being divested, 0.7% for Machinga and 1% for Livingstonia

Corporate Development

• Resource Star has been actively considering the acquisition of new projects during the quarter. This activity will continue in the current quarter with several opportunities under review at present. Given the likely cost of any acquisition, shareholders would be expected to have the opportunity to approve such a transaction

For further information contact: Andrew Bell, Chairman +44 7766 474849 Simon Heggen, Managing Director +61 3 9607 1322 Victoria Thomas, Director - Six Degrees Investor Relations +61 3 9674 0347

Resource Star Ltd

QUARTERLY REPORT – JUNE 2012

Introduction

Resource Star Ltd (‘Resource Star’, ‘RSL’ or ‘the Company’) ( ASX: RSL ) is pleased to provide its quarterly report for the period ended 30 June 2012.

Resource Star’s strategy is to grow shareholder wealth by identifying, acquiring and exploring uranium, rare earth and uranium-related specialty metals resources, in development friendly environments. Resource Star will also consider acquiring other resource projects where there are compelling reasons for shareholders to do so.

During the quarter, Resource Star has continued a disciplined focus on advancing its current portfolio of uranium, rare earth and uranium-related projects in regions of known prospectivity that present strong mineral development potential, namely Australia and Malawi in south eastern Africa. In light of the continuing challenging capital markets and global economic volatility, most notably in the European economies, RSL has continued to focus on expenditure restraint. This restraint obviously reduces exploration activity levels in the short term, but is necessary to ensure that RSL keeps all options available for the longer term benefit of all shareholders.

Resource Star’s projects during the quarter were:

• Joint ventures with Globe Metals & Mining (“Globe”) on the Livingstonia Uranium Project and the Machinga Heavy Rare Earths Project in Malawi

• A joint venture with Thundelarra Exploration on the Spinifex Uranium Project in Western Australia

• The 100%-owned Edith River Uranium Project in the Northern Territory.

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Figure 1: Resource Star’s Projects in Australia and Malawi

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Operations

Livingstonia Uranium Project - Malawi

On 15 May 2012, RSL announced that it had agreed with its joint venture partner, Globe Metals and Mining Limited (“Globe”) to restructure their joint venture arrangements to enable both companies to better focus their resources towards future growth. RSL believes this restructure will greatly enhance the Company’s operational and strategic flexibility.

The restructure involves the effective swap of RSL’s remaining 80% interest in Machinga for the 80% interest in Livingstonia that RSL has not yet earned.

RSL will retain exposure to Machinga through a 0.7% gross production royalty and the Company will continue to pursue its other rare earth prospect in Malawi at Ilomba Hill and potentially elsewhere in Africa subject to the level of funding available.

The key benefits for RSL in acquiring 100% ownership of Livingstonia are:

• a very low absolute cost acquisition of JORC-compliant Inferred U3O8 Resources and very prospective exploration ground;

• a low cost acquisition relative to the earn in cost;

• greater flexibility in determining the work program and the timing of expenditures in achallenging capital markets environment;

• enhanced capacity to consider other transactions that could accelerate value creation at Livingstonia; and

• improved clarity for investors.

Application has been made to the Malawi authorities to approve the transfer of the Livingstonia and Machinga licenses to give effect to the transaction. Discussions are continuing with the authorities.

During the last quarter, RSL developed plans for the next round of exploration at Livingstonia, including a potential drill program. Indicative pricing was sought from available drilling contractors. As a result of those indications and funding available, RSL has revised its plans and currently proposes to complete additional geological mapping and review of historic drill data during the current quarter to better define controls on mineralisation.

Corporate Development

During the last quarter RSL has actively seeking out opportunities to acquire new projects in both Australia and overseas. Several opportunities have been considered and a decision made not to proceed. Discussions are continuing with respect to other opportunities including under the terms of Confidentiality Agreements.

Given that the likely cost of any acquisition relative to RSL’s market capitalisation, RSL shareholders would be expected to have the opportunity to formally consider it, have access to comprehensive information and to eventually vote on any acquisition.

RSL will keep shareholders informed of any developments.

RSL is still considering opportunities to introduce additional parties to its Northern Territory projects to assist in realising value from those tenements.

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Corporate

Cash Position

As at 30 June 2012 the Company held $342,000 in cash as per the June 2012 Appendix 5B Report.

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Company Directory Resource Star Ltd

ABN 71 098 238 585

Registered Office:

Level 9, 440 Collins St Melbourne, Victoria, Australia, 3000 Phone: +61 3 9607 1322 Fax: +61 3 9607 1329

Website www.ResourceStar.com.au Email info@ResourceStar.com.au

Directors

Andrew Bell (Chairman) Simon Heggen (Managing Director) Ross Kestel (Non Exec) Rob Benussi (Non Exec)

Management

Richard Evans (Technical Consultant) Baker Khudeira (Exploration Manager)

Eryn Kestel (Company Secretary)

Share Registry

Computershare Ltd GPO Box D182 Perth, WA, 6840

ASX Listed Securities (as at 30 June 2012): [X] ordinary shares

Competent Person Statements

The information in this report that relates to Exploration Results is based on information prepared by Mr Richard Evans, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Evans is a consultant of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Evans consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

This report contains ‘forward-looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information might include, among other things, statements with respect to the Company’s business strategy, plans, objectives, performance, outlook, growth, shareholder value, projections, targets and expectations, Mineral Reserves and Resources, results of exploration and related expenses, property acquisitions, mine development, mine operations, drilling activity, sampling and other data, grade and recovery levels, future production, capital costs, expenditures for environmental matters, life of mine, completion dates, uranium prices, demand for uranium, and currency exchange rates. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’ and similar expressions. Persons reading this report are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different.

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Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Company’s Annual Report.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intent or obligations to update or revise any forward-looking statements whether as a result of new information