FIN RESOURCES LIMITED — Capital/Financing Update 2008

Jul 7, 2008

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8 July 2008

Dear Shareholder,

NON-RENOUNCEABLE ENTITLEMENT ISSUES

Monitor Energy Limited ( Company ) has announced to ASX Limited ( ASX ) a nonrenounceable entitlement issue on the basis of one (1) Option for every two (2) Shares held by Shareholders registered at 5.00pm (WST) on 15 July 2008 at an issue price of $0.002 cents per Option to raise approximately $728,617 ( Entitlement Issue ).

The Entitlement Issue will result in the issue of approximately 364,308,384 new options in the Company. The options will be exercisable at $0.025 on or before 31 August 2011.

The Prospectus relating to this issue has been lodged with the Australian Securities and Investments Commission and ASX and is available on the ASX website at www.asx.com.au for inspection. The timetable and important dates of the issue are set out below:

Lodgement of Prospectus with ASIC and ASX	4 July 2008
Lodgement of Appendix 3B with ASX	4 July 2008
Notice sent to Shareholders	8 July 2008
Ex Date	9 July 2008
Record Date for determining entitlements to Options	15 July 2008
Prospectus despatched to Shareholders	17 July 2008
Closing Date of Offer	31 July 2008
Securities quoted on a deferred settlement basis	1 August 2008
Despatch of holding statements	11 August 2008

The purpose of the issue is to raise approximately $728,617 and the funds raised from the issue of these Options will be allocated towards the continued exploration of its assets in the Kyrgyz Republic and to working capital.

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

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The capital structure of the Company on completion of the issue will be as follows:

Shares

	Number
Shares currently on issue	728,616,768
Shares offered pursuant to the Offer	0
Total Shares on issue	728,616,7681

Options

Options
	Number
Options currently on issue:	29,250,000
Options offered pursuant to the Offer	364,308,384
Total Options on Issue	393,558,384

In calculating entitlements under the Entitlement Issue fractions will be rounded up to the nearest whole number.

The offer under the Prospectus is made to Shareholders with registered addresses in Australia and New Zealand. Overseas shareholders should contact the Company Secretary with any queries.

Full detail of the issue will be contained in the Prospectus that will be mailed to all shareholders who are registered on the record date. Shareholders eligible to participate should read the Prospectus carefully.

Yours faithfully

Mr Jon Roestenburg Managing Director

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