FIN RESOURCES LIMITED — Capital/Financing Update 2009

Sep 23, 2009

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24 September 2009

Dear Optionholder,

RENOUNCEABLE ENTITLEMENT ISSUE

We are writing to you in relation to your option holding in Monitor Energy Limited (Company).

The Company has announced to ASX Limited (ASX) the details of a renounceable entitlement issue on the basis of one (1) Share for every one (1) Share held by Shareholders registered at 5.00pm (WST) on 1 October 2009 at an issue price of 0.2 cents per Share to raise approximately $3,115,391 (Entitlement Issue).

Pursuant to the terms of the options that were issued to you, the Company is required to notify you of your right to participate in any entitlement issue of securities if you exercise your options prior to the record date for the entitlement issue.

Accordingly, take notice that in order to participate in the Entitlement Issue, you will need to exercise your options prior to the record date for the Entitlement Issue, being 1 October 2009.

The Company has lodged a prospectus in relation to the Entitlement Issue at the Australian Securities & Investments Commission and this document will be dispatched to shareholders of the Company on 6 October 2009. The prospectus outlines the Entitlement Issue in detail.

Should you have any queries in relation to this matter, please do not hesitate to contact the Company on (08) 9211 1555.

Yours faithfully

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Stephen Brockhurst Company Secretary

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