GREENWING RESOURCES LTD — Capital/Financing Update 2007

Oct 18, 2007

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19 October 2007

The Manager Companies Company Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir

SHARES COMING OUT OF VOLUNTARY ESCROW

Please be advised that 6,400,000 fully paid ordinary shares in Bass Metals Ltd are due for release from voluntary escrow on 3 November 2007.

Please note that these shares are already included in the company’s quoted securities.

Yours sincerely

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Mike Rosenstreich Managing Director

Suite 5/2 Richardson Street WEST PERTH WA 6005 PO Box 1330 WEST PERTH WA 6872 Telephone (08) 9322 8044 Facsimile (08) 9481 2846 www.bassmetals.com.au