ENOVA MINING LIMITED — Capital/Financing Update 2011

Apr 4, 2011

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5 April 2011

Dear Shareholder

Invitation to participate in the Crossland Uranium Mines Limited Shareholder Share Purchase Plan

The Board of Directors of Crossland Uranium Mines Limited (“Crossland” or “Company”) is pleased to invite you to participate in the Company’s first Share Purchase Plan (“SPP”). The SPP will enable existing shareholders, irrespective of the size of their shareholding, to purchase up to $5,000 worth of shares in the Company, free of all brokerage, stamp duty and other transaction costs.

This letter, together with the enclosed documents “Share Purchase Plan Offer – Terms and Conditions” and “Application Form”, sets out the terms and conditions of this offer to shareholders (“Offer”) and how to apply for shares should you wish to participate.

Company Update

Crossland has been fortunate to discover encouraging indications of Rare Earth Elements (REE) deposits at the Charley Creek Project in Central Australia. Currently, Crossland is working to:

• Define a preliminary REE resource within over 40sq. km of alluvial deposits in the Cockroach Dam area that are formed directly from erosion of REE bearing phases of the Teapot Granite.

• Characterise the REE distribution and tonnage potential of the many vast alluvial fan deposits within the CUX/ Pancon Joint Venture holdings, whose total holdings cover in excess of 4000 sq. km.

• Quickly assess the hard rock REE potential of the Cattle Creek Prospect, where there are indications of bedrock REE mineralisation,

• Test extraction characteristics of alluvial concentrates of REE with the aim of developing a cost effective process route to production of a saleable REE product.

• Proceed to feasibility and permitting of a REE mine and concentrator as quickly as possible

Crossland is a company that was formed with a mandate to explore for and develop uranium mines. Crossland assembled a team with the experience and expertise to make this ambition credible, along with a valuable portfolio of grass roots exploration projects. These have been advanced so that several are now ready to drill, subject to accessibility. In addition to REE, Crossland will continue to explore for uranium, subject to market considerations.

Further information regarding the Company’s activities is contained in the Company’s various Announcement and Quarterly Reports throughout 2010, including a comprehensive PowerPoint presentation released on the 29th March 2011 which outlines the rationale for Crossland’s focus on REE and our recent achievements. Copies of all can be found on our website at www.crosslanduranium.com.au.

Participation by Shareholders

Participation in the SPP is optional, and is available only to persons who are registered as holders of fully paid ordinary shares in the Company at 5:00pm (AEDT) on the record date of 4 April 2011 and whose registered address is in Australia or New Zealand. However, the Offer does not extend to shareholders who hold shares in the Company on behalf of another person who resides outside Australia or New Zealand.

The offer is non-renounceable, which means it cannot be transferred to anyone else.

Eligible shareholders may apply for the following amounts of shares at a price of 17.5 cents per share :

CROSSLAND URANIUM MINES LIMITED

ABN 64 087 595 980

PHONE: +61 8 89815911 FACSIMILE: +61 8 89411364 EMAIL: geupene@crosslanduranium.com.au ADDRESS: Unit 8, Raffles Plaza, 1 Buffalo Court, Darwin 0800, NT; GPO Box 2437, Darwin, 0801, NT, AUSTRALIA

Offer A: $1,000 for 5,714 Shares (minimum amount) Offer B: $2,500 for 14,286 Shares Offer C: $5,000 for 28,571 Shares (maximum amount)

The number of securities that may be issued by Crossland Uranium Mines under the SPP cannot exceed 30% of the number of fully paid ordinary shares already on issue. For the purposes of this initial offer under the SPP, the Board has decided to limit the number of shares that may be issued on this occasion to a total of 34,644,081 million shares (being approximately 30% of the number of fully paid shares on issue).

In addition the Board may scale back applications received under the SPP. Should this happen, you may be allocated Shares to a value which is less than the parcel you have applied for, and the difference will be refunded to you.

The Board intends to treat Applications under the SPP on a first come – first served basis, up to the maximum amount permissible.

The Board believes that the SPP is a fair and appropriate alternate means of raising working capital, by providing all shareholders (including those who do not hold a marketable parcel of at least $500 worth of shares in the Company) with the opportunity to take up shares in the Company on pricing terms which would normally only be available to significant shareholders and professional investors.

Important Information

The offer to acquire shares under the SPP will close at 5:00pm (AEDT) on 25 April 2011 (“Closing Date”).

The Company also reserves the right to close the SPP earlier than this date, depending on market conditions and the level of investor interest in the SPP.

By accepting the Offer, you will be agreeing to be bound by the SPP terms and conditions. Crossland is not providing investment advice or making any recommendation in relation to the Offer. Any decision to participate in the Offer should be made after fully considering your own financial circumstances and needs.

Further Information

If you have any questions about the SPP or your entitlement, please contact the Company on +61 9 898 15911.

Yours sincerely

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M K Smartt Company Secretary

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SHARE PURCHASE PLAN OFFER

TERMS & CONDITIONS

5 April 2011

Eligible Shareholders

You are eligible to participate in the Share Purchase Plan (“SPP”) if you were the registered holder of one or more fully paid ordinary shares in Crossland Uranium Mines Limited (“Shares”) at 5:00pm Australian Eastern Daylight Time (AEDT) on 4 April 2011 with an address in the Company’s register of ordinary shareholders in Australia or New Zealand (“Eligible Shareholder”), unless you hold the shares on behalf of another person who resides outside Australia and New Zealand.

Joint holders of Shares will be taken to be a single registered holder of Shares for the purpose of determining whether they are an Eligible Shareholder.

The SPP

The SPP enables Eligible Shareholders to purchase any number of shares up to an aggregate subscription of $5,000 in Crossland Uranium Mines Limited (the “Company”), without being required to pay brokerage fees or incurring additional transaction costs. There is no minimum subscription for the number of shares that may be issued under this plan.

Participation in the SPP

Participation in the SPP is optional. However, the offer under the SPP is non - renounceable. This means that you cannot transfer your right to purchase Shares under the SPP to another person or entity.

Key Dates

Key Dates
Record date to determine entitlements	4 April 2011
Announcement of SPP (+1 day)	5 April 2011
SPP opens (+1 day)	5 April 2011
Closing date for application for shares (5.00pm AEDT) (+15 days)	27 April 2011
Date of allotment and despatch of uncertificated statements to shareholders	Within 10 business days of the closing of the SPP

Opening & Closing of the SPP Offer

The SPP offer opens on 05 April 2011 (“Opening Date”) and closes at 5:00pm (AEDT) on 25 April 2011 (“Closing Date”), unless it is terminated earlier or extended by the Company. The Company reserves the right to change at any time the Closing Date or the proposed Allotment Date, by making an announcement to the ASX. The Company also reserves the right to terminate the SPP at any time prior to the issue of Shares under the SPP. If the Company terminates the SPP, it will refund any money paid by Eligible Shareholders under the SPP.

Issue Price

The issue price for each Share has been set at $0.175 cents each.

Variation in Market Price of the Shares on the ASX

In the past 30 days, shares in the Company have traded at prices ranging from 16 cents to 30 cents. The issue price under the SPP has been set at $0.175 cents. The last traded price of the Shares before that date was 20 cents.

CROSSLAND URANIUM MINES LIMITED ABN 64 087 595 980

PHONE: +61 8 89815911 FACSIMILE: +61 8 89411364 EMAIL: geupene@crosslanduranium.com.au ADDRESS: Unit 8, Raffles Plaza, 1 Buffalo Court, Darwin 0800, NT; GPO Box 2437, Darwin, 0801, NT, AUSTRALIA

The market price of the Shares on the ASX may rise and fall between the opening date, the closing date of the SPP offer, and the date when the Company allots the Shares to you under the SPP (“Allotment Date”). This means that the price you pay under the SPP offer may exceed the price at which Shares are trading on the ASX at the time the Shares are allotted to you under the SPP. Accordingly, you should seek your own financial advice in relation to this SPP offer and your participation in the SPP.

The Company recommends you monitor its announcements and share prices, which can be found on the Company’s website at www.crosslanduranium.com.au and on the ASX website at www.asx.com.au (ASX code: CUX). The share price can also be found in the financial pages of major Australian metropolitan newspapers.

Total number of Shares that may be issued

The number of securities that may be issued by the Company under the SPP cannot exceed 30% of the number of fully paid ordinary shares already on issue. For the purposes of this initial offer under the SPP, the Board has decided to limit the number of Shares that may be issued on this occasion to a total of 34,644,081 million Shares (being approximately 30% of the number of fully paid shares on issue).

If and to the extent to which the total applications for Shares under the SPP exceeds the above amount, the Company reserves its right to scale back applications. Any scale back will be done on a fair and equitable basis as may be determined by the Company in its discretion. Any determination by ‐ the Board in respect of any scaling back will be final. If a scale back occurs the Company will refund excess application money to shareholders (without interest).

Number of Shares that may be purchased by each Eligible Shareholder

Eligible shareholders may apply for the following amounts:

Offer A: $1,000 for 5,714 Shares (minimum amount) Offer B: $2,500 for 14,286 Shares Offer C: $5,000 for 28,571 Shares (maximum amount)

The Company reserves the right to scale back allocations under the SPP in its sole discretion. Any excess application money will be refunded, without interest.

Eligible Shareholders who have received more than one offer under the SPP (for example due to being a joint holder of shares, or holding more than one shareholding under separate share accounts), may not apply for Shares with an aggregate value exceeding $5,000 under the SPP. The Company reserves the right (exercisable at its sole discretion) to reject any application for Shares where it believes this requirement has not been met.

If a trustee or nominee is expressly noted on the Share Register as holding Shares on behalf of another person (“the Beneficiary”), the Beneficiary is taken to be the registered holder of the Shares for the purpose of the SPP and any application by the trustee or nominee is taken to be an application and certification by the Beneficiary (although a Beneficiary who is resident outside Australia or New Zealand is not eligible to participate in the SPP).

Acceptance & Payment

Applications for Shares under the SPP must be made by completing and returning the Application Form with the appropriate payment to the address set out in the Application Form.

Applications together with the appropriate payment must be received by the Company’s Share Registry by the Closing Date, currently 5:00pm (AEDT) on 25 April 2011 . Applications received after the Closing Date will not be accepted.

Contributions may not be withdrawn, in whole or part, during or after the Offer period. Any acceptance to participate in this SPP is irrevocable.

If the payment received is not for the exact amount required to buy the number of Shares the Eligible Shareholder elected to purchase under the SPP, the Company reserves the right not to accept payment. In these circumstances, the Company will return the Eligible Shareholder’s Application form and cheque or refund any other payment. If the Company does that, those Shares will not be issued to the Eligible Shareholder.

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Furthermore, if the Application Form is incomplete, contains errors or is otherwise invalid or defective, the Company may, in its sole discretion, accept, reject, correct or amend the application, issue such number of Shares as it considers appropriate, refund application money, or take any combination of these actions.

Should payment for any Shares be by cheque and the cheque does not clear, the application will not be accepted and the Eligible Shareholder agrees to be responsible for any dishonour fees or other costs incurred.

Refunds

Any refund under any clause of these Terms and Conditions will be paid by the Company to Eligible Shareholders shortly after the Closing Date (or any new closing date announced by the Company).

No interest will be paid on any money refunded under any clause of these Terms and Conditions.

Allotment Date

It is anticipated that the Shares will be allotted under the SPP on or around 10 business days after the Closing Date (or any new closing date announced by the Company) and application for quotation of the Shares on the ASX will be made at the same time. An allotment statement, or confirmation advice, should be received shortly after this date.

Shares to be Offered

Shares issued under the SPP will rank equally with existing fully paid ordinary shares in the Company and will carry the same voting rights, dividend rights and other entitlements as at the date of allotment.

Risk Factors

Owning shares in a company like Crossland Uranium Mines Limited is considered a speculative investment and the future price of the Company’s shares can rise or fall depending on a number of variables and fluctuations on the stock market generally. We encourage you to seek your own professional advice regarding your participation in the SPP.

Shareholders should note that the Offer of shares is not made under a Prospectus or other disclosure document and does not require the type of disclosure usually required under the Corporations Act 2001. Accordingly, shareholders should read all information in relation to the SPP carefully, including any previous disclosures made by the Company on ASX before deciding whether to participate in the SPP. The Company is not providing investment advice or making any recommendation in relation to the SPP. Any decision to participate in the SPP should be made after considering your own objectives, financial circumstances and needs. If you are in any doubt as to the action you should take, you should consult your professional adviser when deciding whether or not to accept the Offer and participate in the SPP.

Modification, Waiver, Suspension and Termination of the SPP

The directors of the Company may resolve to change the terms and conditions of this SPP from time to time. The Company reserves the right to issue fewer Shares than an Eligible Shareholder applied for under the SPP (or none at all) if it believes that the allotment of the Shares would contravene any law or rules of any stock exchange on which the Company’s Shares are listed.

In addition, the Company reserves the right to waive compliance with any provision of the Terms and Conditions of the SPP and suspend, withdraw or terminate the SPP at any time.

Any amendment, variation, suspension, withdrawal or termination of the SPP will be binding on all Eligible Shareholders even where the Company does not notify the Eligible Shareholders of that event. The Company is not liable for any exercise of its discretions under the terms and conditions of the SPP. Any refund made is dispatched at the shareholder’s own risk.

Dispute Resolution

The Company may settle, in any manner it thinks fit, any disputes or anomalies which may rise in connection with or by reason of the operation of the SPP, whether generally or in relation to any applicant or application for shares. The decision of the Company will be conclusive and binding on all Eligible Shareholders and any other persons to whom the decision relates. The Company reserves the

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right to waive compliance with any provision of the SPP terms and conditions, subject to compliance with the Corporations Act, the ASX Listing Rules and ASIC Class Order CO 09/425.

Declaration & Acknowledgement

By forwarding and completing an application for shares under the SPP and by making payment, each shareholder:

(a) acknowledges that he/she has read, understands and agrees to be bound by the terms and conditions of the SPP;

(b) certifies that (except where shares are held as trustee or nominee on account of a beneficiary which is expressly noted on the Company’s register of members) the aggregate of the application price for:

(i) the shares or interests the subject of the application; and

(ii) any other shares or interests in the class applied for by or on behalf of the shareholder under the SPP application,

does not exceed $5,000;

(c) certifies that (where shares are held as trustee or nominee on account of a beneficiary which is expressly noted on the Company’s register of members (“Beneficiary”) the aggregate of the application price for:

(i) the shares or interest the subject of the application; and

(ii) any other shares or interest in the class applied for by, or on behalf of, the Beneficiary under the SPP application,

does not exceed $5,000.

Governing Law

The terms and conditions of the SPP are governed by the laws in place in Western Australia.

Further Information

If you have any questions about the SPP or your entitlement, please contact the Company on +61 9 898 15911.

Yours sincerely

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M K Smartt

Company Secretary

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