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CULLEN RESOURCES LIMITED Share Issue/Capital Change 2007

Dec 9, 2007

64724_rns_2007-12-09_f5aa23cc-166c-4ca2-bfbc-449113a512e6.pdf

Share Issue/Capital Change

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CULLEN RESOURCES LIMITED

A.C.N. 006 045 790

A.B.N. 46 006 045 790

Level 4, 118 Christie Street St Leonards NSW 2065 P.O. Box 23, St. Leonards, 1590, Australia Telephone: (612) 9437 4588 Fax: (612) 9437 4599 Email: [email protected] Website: www.cullenresources.com.au

7 December 2007

The Listing Manager Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir,

Cullen Resources Limited hereby gives notice pursuant to the provisions of section 708A (5) (e) of the Corporations Act in respect to the issue of 72,000,000 fully paid ordinary shares that:

(a) The shares were issued without disclosure under Part 6 D.2 of the Corporations Act.

(b) As at the date of this notice, the Company has complied with:

(i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(ii) section 674 of the Corporations Act; and

(c) as at the date of this notice there is no excluded information, as that term is defined in sections 708A (6) (e),708A (7) and 708A (8) of the Corporations Act.

Yours faithfully Cullen Resources Limited

Wayne Kernaghan Company Secretary