DATELINE RESOURCES LIMITED — Capital/Financing Update 2011

Jun 20, 2011

CONTO RESOURCES LIMITED

TERMS AND CONDITIONS OF DIRECTOR OPTIONS

A summary of the terms and conditions of the Director Options are as follows:

• (a) each Option entitles the holder to one Share in the Company;

• (b) the Options are exercisable at any time on or prior to 5.00pm (WST) on or prior to 1 April 2014 (Expiry Date) by completing an option exercise form and delivering it together with the payment for the number of Shares in respect of which the Options are exercised to the registered office of the Company;

• (c) the Option exercise price is $0.20 per Option;

• (d) an Option does not confer the right to a change in exercise price or a change in the number of underlying securities over which the Option can be exercised;

• (e) subject to the Corporations Act, the Listing Rules and the Company’s Constitution, the Options are freely transferable;

• (f) all Shares issued upon exercise of the Options will rank equally in all respects with the Company’s then issued Shares. The Company will apply for quotation of the Options and all Shares issued upon exercise of the Options on ASX;

• (g) if the Company undertakes a pro-rata issue (except a bonus issue), the exercise price of an Option may be reduced in accordance with ASX Listing Rule 6.22.2;

• (h) there are no participating rights or entitlements inherent in the Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Options. However, the Company will ensure that for the purposes of determining entitlements to any such issue, the record date will be at least 6 Business Days after the issue is announced. This will give Option holders the opportunity to exercise their Options prior to the date for determining entitlements to participate in any such issue; and

• (i) if at any time the issued capital of the Company is reconstructed, all rights of an Option holder are to be changed in a manner consistent with the Corporations Act and the Listing Rules.

3275-01/terms conditions of director options and terms conditions of broker options

CONTO RESOURCES LIMITED

TERMS AND CONDITIONS OF BROKER OPTIONS

A summary of the terms and conditions of the Broker Options are as follows:

• (a) each Option entitles the holder to one Share in the Company;

• (b) the Options are exercisable at any time on or prior to 5.00pm (WST) on or prior to 31 May 2014 (Expiry Date) by completing an option exercise form and delivering it together with the payment for the number of Shares in respect of which the Options are exercised to the registered office of the Company;

• (c) the Option exercise price is $0.20 per Option;

• (d) an Option does not confer the right to a change in exercise price or a change in the number of underlying securities over which the Option can be exercised;

• (e) subject to the Corporations Act, the Listing Rules and the Company’s Constitution, the Options are freely transferable;

• (f) all Shares issued upon exercise of the Options will rank equally in all respects with the Company’s then issued Shares. The Company will apply for quotation of the Options and all Shares issued upon exercise of the Options on ASX;

• (g) if the Company undertakes a pro-rata issue (except a bonus issue), the exercise price of an Option may be reduced in accordance with ASX Listing Rule 6.22.2;

• (h) there are no participating rights or entitlements inherent in the Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Options. However, the Company will ensure that for the purposes of determining entitlements to any such issue, the record date will be at least 6 Business Days after the issue is announced. This will give Option holders the opportunity to exercise their Options prior to the date for determining entitlements to participate in any such issue; and

• (i) if at any time the issued capital of the Company is reconstructed, all rights of an Option holder are to be changed in a manner consistent with the Corporations Act and the Listing Rules.

3275-01/terms conditions of director options and terms conditions of broker options