GRANGE RESOURCES LIMITED. — Share Issue/Capital Change 2008

Jul 10, 2008

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

NAME OF ENTITY

Grange Resources Limited

ABN

80 009 132 405

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to Ordinary Fully Paid Shares be issued

• 2 Number of[+] securities issued or to be 117,000 issued (if known) or maximum number which may be issued

• 3 Principal terms of the[+] securities (eg, if Not Applicable options, exercise price and expiry date; if partly paid[+] securities, the amount outstanding and due dates for payment; if[+] convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally in all Yes respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Nil

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration Nil 6 Purpose of the issue The share issue is to the trustee of the Company’s Long (If issued as consideration for the Term Incentive Plan which will hold and allocate the shares to acquisition of assets, clearly identify eligible employees in accordance with the Plan.

• those assets)

• 7 Dates of entering +securities into 10 July 2008 uncertificated holdings or despatch of certificates Number + Class

• 8 Number and[+] class of all[+] securities 115,318,099 Ordinary Fully Paid Shares quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

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	9Number and+class of all+securitiesnot uoted on ASX (_includin_the	9Number and+class of all+securitiesnot uoted on ASX (_includin_the	9Number and+class of all+securitiesnot uoted on ASX (_includin_the	9Number and+class of all+securitiesnot uoted on ASX (_includin_the	9Number and+class of all+securitiesnot uoted on ASX (_includin_the	**Number **	**Number **	+Class	+Class	+Class
						8,500,000		Options exercisable at $1.95
		qsecurities in clau	se 2 if applicable		)	9,000,0	00		and expiring on2008Options exercisaand expiring on2010	28 Septemberble at $1.5028 September
	10	Dividend policydistribution policapital (interests	(in the case of acy) on the incre)		trust,ased	Not App	licable
	Part11	2 - BonusIs security holde	issue or pr approval require		ro rata isd?		sue
	12	Is the issue rrenounceable?	enounceable or		non-
	13	Ratio in whichoffered	the+securities		will be
	14	+Class of+secu	rities to which th		e offer
	relates
	15+Record date to deter			mine entitlements
	16Will holdings on diffsubregisters)be			erent registers (oraggregatedfor
	calculating entitlemen			ts?
	17Policy for deciding entitlements inrelation to fractions18Names of countries in which the entityhas+security holders who will not besent new issue documentsNote: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.19Closing date for receipt of acceptancesor renunciations20Names of any underwriters21Amount of any underwriting fee orcommission

• See chapter 19 for defined terms.

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22 Names of any brokers to the issue

23	Fee or commission payable to the
	broker to the issue
24	Amount of any handling fee payable to
	brokers who lodge acceptances or
	renunciations on behalf of+security
	holders
25	If the issue is contingent on+security
	holders’ approval, the date of the
	meeting
26	Date entitlement and acceptance form
	and prospectus or Product Disclosure
	Statement will be sent to persons
	entitled
27	If the entity has issued options, and the
	termsentitleoptionholdersto
	participate on exercise, the date on
	which notices will be sent to option
	holders
28	Date rights trading will begin (if
	applicable)
29	Date rights trading will end (if
	applicable)
30	How do+security holders sell their
	entitlements_in full_through a broker?
31	How do+security holders sell_part_of
	their entitlements through a broker and
	accept for the balance?
32	How do+security holders dispose of
	their entitlements (except by sale
	through a broker)?
33	+Despatch date

• See chapter 19 for defined terms.

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Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) � Securities described in Part 1

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional[+] securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

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Entities that have ticked box 34(b)

38Numberofsecuritiesforwhich+quotation is sought39Class of+securities for which quotationis sought40Do the+securities rank equally in allrespects from the date of allotment withan existing+class of quoted+securities?If the additional securities do not rankequally, please state:• the date from which they do• the extent to which they participatefor the next dividend, (in the case ofa trust, distribution) or interestpayment• the extent to which they do not rankequally, other than in relation to thenext dividend, distribution or interestpayment41Reason for request for quotation nowExample: In the case of restricted securities, end ofrestriction period(if issued upon conversion of anothersecurity, clearly identify that othersecurity)42Number and+class of all+securitiesquoted on ASX (_including_the securitiesin clause 38)	Not Applicable
	**Number **	+Class

• See chapter 19 for defined terms.

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Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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----- Start of picture text ----- Sign here: Date: 10 July 2008_____( Director / Company Secretary)Print name: Neil Marston.----- End of picture text -----

• See chapter 19 for defined terms.

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