FIN RESOURCES LIMITED — Capital/Financing Update 2008

Aug 3, 2008

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4 August 2008

Company Announcements Platform ASX Limited

NON-RENOUNCEABLE ENTITLEMENT ISSUE NOTIFICATION OF SUBSCRIPTIONS

Monitor Energy Limited (“Monitor” or “Company”) hereby notifies the ASX that, pursuant to the Option Entitlement Issue Prospectus dated 4 July 2008 and released to the ASX on the same date, the following subscriptions have been received by the Company (subject to the clearance of funds):

Option Entitlement	Option Entitlement	Shortfall Options	Shortfall Option
Subscriptions	Funds Received	Available to be	Funds Available
(number of		Placed
Options)
153,591,031	$307,182	210,717,353	$421,435

As previously announced to the ASX on 18 June 2008, Monitor has entered into an agreement with Melbourne Capital Limited (“MCL”) whereby MCL will have the right to place any options that are not subscribed to by shareholders at its discretion to clients of MCL on an “all reasonable endeavors basis”. Accordingly, MCL has the right to place a further 210,717,353 options to raise $421,435.

The Company is working towards dispatching holding statements to option holders on 11 August 2008, and has applied to the ASX for quotation of these options.

Sincerely,

Martin Stein Company Secretary 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