GOLDARC RESOURCES LIMITED — Capital/Financing Update 2011

Aug 23, 2011

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ASX RELEASE NOTICE PURSUANT TO SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

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Wednesday 24 August 2011

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The Manager (Companies) A u stralian Sec u rities Exchange Sy d ney

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D e ar Sir

This notice is g iven by Tor i an Resourc e s NL (ACN 0 02 261 565) (“the Com p any”) purs u ant to section 708A(5)( e ) of the Corporations Act 20 0 1 (Cth)(“th e Act”).

As announced to the ASX t oday, the C ompany ha s undertake n a share pl a cement wi t h sophisticated investo r s. A total of $2 0 0,000 in fu n ds were c o ntributed i n the place m ent, representing 30,4 1 8,210 fully paid ordinary sh a res (TNR) at a price of $ 0.006575 per share, being the average trading price of the Company’s shares for t h e pr e vious 5 tra d ing days.

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In accordance w ith section 708A(5)(e) o f the Act, C luff Resources Pacific N L gives notic e that:

1. T he Compa n y issued th e above shar e s (“New Sh a res”) and a t taching options withou t disclosure t o investors under part 6D.2 of the Act .

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1. A s at the da t e of this no t ice, the Co m pany has complied with: a. T he provisions of Chapt e r 2M of the Act as they a pply to the Company; and b. section 674 of the Act.

2. A s at the da t e of this no t ice, there is no informa t ion: a. t hat has be e n excluded f rom a conti n uous discl o sure notice in accordan c e with the A SX Listing R u les; and b. t hat investors and their professional advisers w o uld reasonably require, and would r e asonably e x pect to fin d in a disclosure document, f or the purp o se of maki n g an informed assessm e nt of: i. the assets a n d liabilities, financial po s ition and p e rformance, profits and losses and p r ospects of t he Compan y ; or

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ii. t he rights a n d liabilities a ttaching to the New Sh a res.

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Yours faithfull y ,

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Scott Enderby, Company Secretary

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