FIN RESOURCES LIMITED — Capital/Financing Update 2008

Jul 3, 2008

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Monitor Energy lodges Prospectus for Options Entitlement Issue

Monitor Energy Ltd (“ Monitor” or the “ Company” ) advises the Australian Securities Exchange (ASX) that it has lodged a transaction specific prospectus for a non-renounceable entitlement issue to existing shareholders of the Company with the Australian Securities and Investments Commission (“Entitlement Issue”).

The Company is offering one option for every two shares held by shareholders registered as at 5.00pm (WST) on 15 July 2008 at a purchase price of $0.002 per option. The number of options available for placement totals 364,308,304 and if fully subscribed, will raise $728,617 before costs.

Key Dates for the Entitlement Issue

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 Entitlement Issue is not underwritten, however the Company has entered into an agreement with Melbourne Capital Limited giving them the right to place any shortfall on a reasonable endeavours basis.

The Company intends to use the funds raised from the Entitlement Issue to continue exploration at the Company’s existing Kyrgyz republic oil and gas projects.

Sincerely,

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