FIN RESOURCES LIMITED — Capital/Financing Update 2009

May 18, 2009

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ASX RELEASE

19 May 2009

Company Announcements Office ASX Limited

By electronic lodgement

Dear Sir/Madam,

MONITOR ANNOUNCES UNDERWRITTEN RENOUNCEABLE ENTITLEMENT ISSUE AND ENTERS INTO CONVERTING LOAN AGREEMENT

Monitor Energy Limited (“Monitor” or “Company”) is pleased to enclose a copy of a Prospectus lodged today with the Australian Securities and Investments Commission for a pro rata renounceable entitlement issue on the basis of one (1) new share for every one (1) share on issue at an issue price of $0.001 per share together with one (1) free option for each share issued to raise approximately $728,848. The options issued will be exercisable at $0.025 on or before 31 August 2011 and will be on the same terms as the Company’s current listed options (“Offer”).

The Offer is fully underwritten by Patersons Securities Limited.

Further details relating to the Offer are outlined in the attached Prospectus.

Converting Loan Agreements

In addition, Monitor wishes to advise that the Company has entered into a number of Converting Loan Agreements (“Agreements”) with clients of Patersons to borrow $100,000 (“Loans”).

Subject to Monitor being in compliance with the ASX Listing Rules and the Corporations Act, the Loans will be convertible into fully paid ordinary shares in Monitor at the conversion price of $0.001 per share. For each share issued, Monitor will also issue one free option exercisable at $0.025 per share on or before 31 August 2011. In the event that the Loans are fully converted, Monitor will issue 100,000,000 shares and 100,000,000 options to satisfy the repayment obligation of the Loans.

If the Loans are unable to be converted for any reason, they shall be repayable by 31 August 2009.

Sincerely,

Martin Stein 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