GRATIFII LIMITED — Capital/Financing Update 2011

Apr 20, 2011

==> picture [242 x 49] intentionally omitted <==

21 April 2011

The Manager

Company Announcements Office Australian Securities Exchange Ltd

FOR IMMEDIATE RELEASE TO THE MARKET

Notice under Section 708A

On 21 April 2011, Waratah Resources Limited (Company) issued 4,800,000 fully paid ordinary shares (Shares) by way of placement to Institutional and Sophisticated Investors. The Shares are part of a class of securities quoted on the Australian Securities Exchange. The Corporations Act 2001 (the Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By giving this notice, sale of the Shares will fall within the exemption in Section 708A(5) of the Act.

The Shares were issued without disclosure to investors under Part 6D.2 of the Act, in reliance on Section 708A(5).

The Company gives this notice pursuant to Section 708A(5)(e) of the Act.

The Company, as at the date of this notice, has complied with: the provisions of Chapter 2M of the Act as they apply to the Company; and

Section 674 of the Act.

As at the date of this notice, there is no excluded information for the purposes of Section 708A(7) or 708A(8) of the Act.

Yours faithfully

==> picture [138 x 65] intentionally omitted <==

Rob Orr

Company Secretary