ECLIPSE METALS LIMITED. — Share Issue/Capital Change 2011

Feb 14, 2011

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Confirmation of issue of securities

The Company confirms the following in connection with the quotation of its shares on ASX:

• 1 Completion of the acquisition of interests in tenements pursuant to the option deed between the Company and Cauldron Energy Limited dated 5 March 2010 has occurred and the Company has issued 25,000,000 fully paid ordinary shares to Cauldron Energy Limited.

• 2 The Company has issued 400,000 fully paid ordinary shares to NKH Pty Ltd for company secretarial services.

• 3 The Company has issued a total of 550,000 options exercisable at 20 cents each on or before 30 November 2015 to its directors Mark Fogarty, Brett Smith and Emilio Pietro Del Fante (or their respective nominees).

Level 2, Spectrum, 100 Railway Road Subiaco wa 6008 post: po 8281, Subiaco wa 6008 tel: 9367 8133 fax: 9367 8812

ECLIOCOR\ASX516