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EASTERN RESOURCES LIMITED Capital/Financing Update 2008

May 13, 2008

Capital/Financing Update

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14 May 2008

Eastern Iron Limited was admitted to the Official List of ASX Limited on Wednesday, 14 May 2008.

Official Quotation of the following securities will commence at 11.00 am A.E.S.T. on Friday, 16 May 2008.

26,000,450

ordinary shares fully paid issued at $0.20 per share

Security Code: EFE