GREENWING RESOURCES LTD — Capital/Financing Update 2005

Oct 16, 2005

MARKET RELEASE

17 October 2005

Resource Finance and Investments Limited

ADMISSION TO OFFICIAL LIST

Resource Finance and Investments Limited was admitted to the Official List of Australian Stock Exchange Limited on Monday, 17 October 2005.

Official Quotation of the following securities will commence at 12.00 pm E.S.T. (10.00 am W.S.T.) on Thursday, 20 October 2005.

27,021,949

ordinary shares fully paid

6,104,375

options exercisable at \$0.25 each on or before 31 July 2007

Security Codes: RFI RFIO

Ankhoun Waksh

Anthony Walsh Assistant Manager, Issuers (Perth)

COMMENCEMENT OF OFFICIAL QUOTATION-RESOURCE FINANCE AND INVESTMENTS LIMITED

Resource Finance and Investments Limited (the "Company") was admitted to the official list of the Australian Stock Exchange Limited on Monday, 17 October 2005.

Official quotation of the Company's securities will commence on Thursday, 20 October 2005.

Quoted Securities:	27,021,949 fully paid ordinary shares ("Shares") 6,104,375 options exercisable at \$0.25 on or before 31 July 2007 ("Options")
ASX Code:	RFI ("Shares") RFIO ("Options")
Time:	12.00 PM E.S.T. (10.00 AM W.S.T.)
Date:	20 October 2005
SEAT Abbreviation:	RESFINANCE
ISIN:	AU000000RFI9 ("Shares") AU00000RFIO5 ("Options")
Home Branch:	Perth
Industry Classification:	Metals & Mining
Registered Office:	Suite 2, Ground Floor 43 Ventnor Avenue West Perth WA 6005 Phone: (08) 9322 8044 Fax: (08) 9322 8066 Web address: www.rfilimited.com
Company Secretary:	Desmond Kelly

Share Registry: Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 Phone: (08) 9315 2333 Fax: (08) 9315 2233

Brokers to the issue: D.J.Carmichael Pty Ltd Level 11 Allendale Square 77 St George's Terrace PERTH WA 6000 Phone: (08) 9263 5200 Fax: (08) 9263 5280

30 June

Participating. The Company will also operate an issuer sponsored subregister.

Western Australia

Base metals exploration

None

Activities:

Balance Date:

CHESS:

ASX Restricted Securities:

State of Incorporation:

Dividend Policy:

8,978,054 ordinary shares fully paid classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

2,020,625 options exercisable at \$0.25 on or before 31 July 2007 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

700,000 unlisted options exercisable at \$0.25 on or before 31 December 2007 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

350,000 unlisted options exercisable at \$0.30 on or before 31 December 2007 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

ASX PERTH

350,000 unlisted options exercisable at \$0.35 on or before 31 December 2007 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

150,000 ordinary shares fully paid issued on 14 October 2005 classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue.

150,000 options exercisable at \$0.25 on or before 31 July 2007 issued on 14 October 2005 classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue.

500,000 unlisted options exercisable at \$0.25 on or before 31 December 2007 issued on 30 June 2005 classified by ASX as restricted securities and to be held in escrow for a period of 12 months from the date of issue.

ASX Contact:	Nicholas Ong
Business Unit	Issuers (Perth)
Date:	17 October 2005