ESTRELLA RESOURCES LIMITED — Capital/Financing Update 2012

May 7, 2012

No:

==> picture [98 x 90] intentionally omitted <==

ASX Circular

Date : 8 May 2012

ESTRELLA RESOURCES LIMITED – COMMENCEMENT OF OFFICIAL QUOTATION

Key topics

1. Estrella Resources Limited

2. ASX Code: ESR

3. Quotation Commences: 11.00 am A.E.S.T. on Wednesday, 9 May 2012.

Reading List

Client Advisers Corporate Advisory DTR Operators Institutions

Listing Officers

ASX Settlement Participants Office Managers Operations Managers (back office)

Research Analysts Share Registries ASX Clear Participants Market Participants

Authorised by

Andrew Black

Contact

Anthony Ingegneri

Telephone

(02) 9227 0441

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Estrella Resources Limited (the “Company”) was admitted to the Official List of ASX Limited on Tuesday, 8 May 2012.

Official quotation of the Company’s securities will commence on Wednesday, 9 May 2012. The Company raised approximately $6,000,000 under the Company’s offer by the issue of 30,000,000 fully paid ordinary shares at an issue price of $0.20.

Quoted Securities: 38,187,500 fully paid ordinary shares ASX Code: ESR Time: 11:00 am A.E.S.T. Date: 9 May 2012 ASX Trade Abbreviation: ESTRELLA R ISIN: AU000000ESR1 Home Branch: Sydney Industry Classification: 1510 - Materials Registered Office: Level 17 15 Castlereagh Street Sydney, NSW, 2000 Phone: +61 2 9993 4408 Fax: +61 2 9993 4433 Company Secretary: Mr Justin Clyne Share Registry: Boardroom Pty Limited Level 7 207 Kent Street, Sydney NSW 2000

Internet: http://www.asx.com.au

Balance Date: 30 June

CHESS: No responsibility is accepted for any inaccuracies contained in the matter published.

Page 1 of 2

No:

Participating. The Company will also operate an issuer sponsored subregister.

State of Incorporation:

New South Wales

Dividend Policy: Refer to pages 10, 105 and 108 of the Replacement Prospectus. Activities: Gold-copper exploration in Chile. ASX Restricted Securities: 35,938,500 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

7,650,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue being 13/09/2012.

300,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue being 19/10/2012.

5,025,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue being 06/12/2012.

3,000,000 unquoted options exercisable at $0.25 each on or before 12/9/2014 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

1,000,000 unquoted options exercisable at $0.25 each on or before 25/10/2014 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

600,000 unquoted options exercisable at $0.20 each on or before 25/10/2016 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

505,000 unquoted options exercisable at $0.20 each on or before 19/12/2016 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

1,500,000 unquoted options exercisable at $0.20 each on or before 09/05/2017 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

600,000 unquoted options exercisable at $0.20 each on or before 12/9/2014 classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue being 12/9/2012.

Unrestricted Unquoted Securities: N/A

For further information please refer to the Company’s replacement prospectus dated 11 April 2012.

Page 2 of 2