GREENWING RESOURCES LTD — Capital/Financing Update 2011

Nov 3, 2011

ABN 31 109 933 995

4 November 2011

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

Dear Sir

RE-QUOTATION OF BASS METALS LTD SECURITIES

Following successful completion of the non-renounceable entitlements offer as announced to ASX earlier today, Bass Metals Ltd (ASX:BSM) (“Bass” or the “Company”) requests the voluntary suspension of its securities be lifted.

As required by ASX, the Company provides the following information:

1. The Board confirms the Company is in compliance with ASX Listing Rule 3.1;

2. The Board confirms the Company is in compliance with ASX Listing Rule 12.2;

3. The Board confirms that no event of default under any of the loan agreements to which the Company is a party has occurred; and

4. The Company has a cash position as at today’s date of approximately $9.6 million.

Bass is not aware of any reason re-quotation of the Company’s securities should not be granted.

By order of the Board

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Susan Hunter Company Secretary

Level 1, 91 Havelock Street WEST PERTH WA 6005 PO Box 1330 WEST PERTH WA 6872 Telephone (08) 6315 1300 Facsimile (08) 9481 2846 www.bassmetals.com.au