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DISCOVERY ALASKA LIMITED Capital/Financing Update 2012

Jan 11, 2012

64754_rns_2012-01-11_295cce61-8537-436e-a4d2-788be5e7dad0.pdf

Capital/Financing Update

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Baru Resources Limited

ACN 147 324 847 ABN 50 147 324 847 Suite 304, 22 St Kilda Road, St Kilda, VIC 3182 Phone : (03) 9692 7222 Fax : (03) 9529 8057 Email : [email protected] Website : www.baru.com.au

12 January 2012

PROSPECTUS DESPATCHED TO SHAREHOLDERS

Board of Directors

Richard Anthon (Non-executive Chairman) Kevin Nichol (Executive Director) Peter Avery (Non-executive Director)

Chief Executive Officer

Baru Resources Limited (ACN 147 324 847) wishes to advise that it has dispatched to eligible shareholders an Short Form Prospectus dated 23 December 2011 in relation to a pro-rate non-renounceable entitlement issue on the basis of 1 (one) option for every 2 (two) Shares held by a Shareholder on the record date with each option having a subscription price of $0.001 (one tenth) cents per option.

Matt Bull

For further details please contact:

Company Secretary

Melanie Leydin

Melanie Leydin Company Secretary

Securities on Issue:

ASX Code: BAC

49,796,009 ordinary shares

Market Capitalisation as at 11 Jan 2012:

$7,967,361