CZR RESOURCES LTD — Capital/Financing Update 2011

Feb 10, 2011

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Level 24, 44 St George’s Terrace Perth Western Australia 6000 PO Box Z5183 Perth WA 6831 Phone: +61 8 6211 5099 Facimile: +61 8 9218 8875 Website: www.coziron.com

11 February 2011

Company Announcements Office Australian Securities Exchange 10[th] Floor 20 Bond Street SYDNEY NSW 2000

Dear Sir

CLOSURE OF PROSPECTUS

Coziron Resources Limited (subject to Deed of Company Arrangement) (ASX: CZR) is pleased to advise that the Offer under the Prospectus dated 31 January 2011 was closed over subscribed at the close of business on 10 February 2011.

The Company is now working toward satisfying the remaining conditions for reinstatement to official quotation on the ASX.

Yours sincerely

COZIRON RESOURCES LIMITED (Subject to Deed of Company Arrangement)

STEPHEN HEWITT-DUTTON COMPANY SECRETARY