FIN RESOURCES LIMITED — Capital/Financing Update 2008

Aug 26, 2008

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26 August 2008

ASX Limited

Company Announcements Platform

MONITOR COMPLETES ISSUE OF NON-RENOUNCEABLE ENTITLEMENT ISSUE SHORTFALL OPTIONS AND PLACEMENT OPTIONS

Monitor Energy Limited (“Monitor” or “Company”) is pleased to advise that the Company has completed the issue of the Non-Renounceable Entitlement Issue shortfall options and placement options. All options have an exercise price of $0.025 each and an expiry date of 31 August 2011.

The Company, pursuant to the Non-Renounceable Entitlement Issue Prospectus dated 4 July 2008, has issued 210,717,353 shortfall options at $0.002 to raise a total of $421,434 before costs associated with the issue.

The Company, pursuant to the announcement made to the ASX on 18 June 2008, engaged Melbourne Capital Limited to place 250,000,000 options at $0.002 per option on an “all reasonable endeavors basis”. Monitor is pleased to announce that the placement was fully subscribed and the Company has raised $500,000 before costs associated with the issue.

The Company will apply to the ASX for quotation of these options and it is anticipated that holding statements will be dispatched to option holders in due course.

The Board of Directors view the placement as a positive step forward for the Company. The funds raised from the issue of options will enable Monitor to continue to advance the Company’s strategy of adding significant shareholder value through the development of a diversified petroleum asset portfolio, as well as pursuing opportunities in South-East Asia and other regions.

Sincerely,

Mr Jon Roestenburg Managing Director Monitor Energy Limited

35 Richardson Street West Perth WA 6005 Australia PO Box 1440 West Perth WA 6872 Australia Ph: +61 8 9211 1555 Fx: +61 8 9211 1500 ABN 25 009 121 644