FIN RESOURCES LIMITED — Capital/Financing Update 2009

Oct 21, 2009

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22 October 2009

ASX Release

CLOSURE OF RENOUNCEABLE ENTITLEMENT ISSUE

The Directors of Monitor Energy Limited are pleased to announce that the Renounceable Entitlement Issue of Shares offered pursuant to the Prospectus lodged on 22 September 2009 has closed.

The Company advises that the shortfall of the issue is 588,523,900 fully paid shares. The Shortfall shall be placed at the discretion of the Underwriter as detailed in Section 3.6 of the Entitlement Issue Prospectus dated 22 September 2009.

Yours 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