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FIN RESOURCES LIMITED Board/Management Information 2011

Nov 16, 2011

64920_rns_2011-11-16_14362d59-946e-4420-8262-80a2f7d24e38.pdf

Board/Management Information

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17 November 2011

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BOARD & MANAGEMENT

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

By E‐Lodgement

Mr Greg Bandy EXECUTIVE DIRECTOR

Mr Jason Bontempo NON‐EXECUTIVE DIRECTOR

Mr Jeremy King NON‐EXECUTIVE DIRECTOR

Ms Rebecca Sandford COMPANY SECRETARY

DISPOSAL OF NON‐CORE KYRGYZ URANIUM PROJECT

REGISTERED OFFICE 945 Wellington Street West Perth WA 6005

Orca Energy Limited ( Orca ) (ASX:OGY) announces that it has entered into binding documents to complete the disposal of its 22.5% interest in the Kyrgyz Republic Kashkasu II uranium project ( Kashkasu Project ) to its joint venture partner, Raisama Limited ( Raisama ) (ASX:RAI). As consideration for such disposal Raisama has issued 870,000 fully paid shares to Orca.

While retaining some exposure to the Kashkasu Project through its Raisama holding, this disposal brings to an end joint venture arrangements in respect of the asset and accordingly has removed any related funding obligations on Orca.

It allows Orca to continue to focus on its highly prospective hydrocarbon assets in Matagorda County, Texas and the Cooper Basin.

Yours faithfully,

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POSTAL ADDRESS PO Box 1263 West Perth WA 6872

CONTACT DETAILS

Tel: +61 8 9322 7600 Fax: +61 8 9322 7602

WEBSITE

www.orcaenergy.com.au

SHARE REGISTRY Advanced Share Registry 150 Stirling Highway Nedlands WA 6009

ASX CODE OGY

Greg Bandy Executive Director

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945 Wellington Street, West Perth WA 6005 | Tel: +61 8 9322 7600 | Fax; +61 8 9322 7602 | www.orcaenergy.com.au ABN 25 009 121 644