GWR GROUP LIMITED — M&A Activity 2007

Nov 25, 2007

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26 November, 2007

Company Announcements Officer ASX Ltd 2 The Esplanade Perth WA 6000

Dear Sir

Fairstar Acceptances Continue

Fairstar Resources Limited (the Company) is pleased to announce that acceptances in its off market Bid for Golden West Resources Limited now amount to 33.73% of the issued capital of GWR.

The Company believes that the continued support shown on a daily basis via the acceptances lends support to the view that significant numbers of GWR Shareholders have faith in the ability of Fairstar Resources Ltd to advance their future value

Yours faithfully

KEVIN J. ROBERTSON Managing Director Fairstar Resources Limited