GRATIFII LIMITED — Capital/Financing Update 2012

Mar 1, 2012

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2 March 2012

To: Company Announcements Office ASX Limited, Exchange Centre 20 Bridge Street Sydney NSW 2000

FOR IMMEDIATE RELEASE TO THE MARKET

Notice under Section 708A

On 2 March 2012, Waratah Resources Limited (“the Company”) issued 14,000,000 fully paid ordinary shares (Shares) via a placement to sophisticated and institutional 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:

(a) the provisions of Chapter 2M of the Act as they apply to the Company; and

(b) Section 674 of the Act.

(c) 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

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Rob Orr

Company Secretary