HIGHFIELD RESOURCES LIMITED — Capital/Financing Update 2012

Feb 2, 2012

No:

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ASX Circular

Date: 3 February 2012

COMMENCEMENT OF OFFICIAL QUOTATION – HIGHFIELD RESOURCES LIMITED

Highfield Resources Limited (the “Company”) was admitted to the official list of the ASX Limited on Friday 3 February 2012.

Key topics

1. Highfield Resources Limited

2. ASX Code: HFR

3. Quotation Commences: 1pm AEDT (10am WST) on Tuesday 7 February 2012

Reading List

Banks Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers Institutions Listing Officers ASX Settlement Participants Operations Managers (back office) Share Registries ASX Clear Participants Market Participants

Authorised by

Dave Filov

[Contact ] Dave Filov

Telephone (08) 9224 0000

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

Official quotation of the Company’s securities will commence at 1pm AEDT (10am WST) on Tuesday 7 February 2012.

Quoted Securities: 22,000,003 fully paid ordinary shares ASX Code: HFR Time: 1pm AEDT (10am WST) Date: Tuesday 7 February 2012 ASX Trade Abbreviation: HIGHFIELD

ISIN: AU000000HFR1 Home Branch: Perth Industry Classification: 1510 - Materials Registered Office: Level 1, 33 Richardson Street WEST PERTH WA 6005

Principal Place of Business: Level 1, 33 Richardson Street WEST PERTH WA 6005 Ph: +61 8 9200 4426 Fax: +61 8 9200 4469

Mr Scott Funston and Mr Aaron Bertolatti

Company Secretary: Mr Scott Funston and Mr Aaron Bertolatti Share Registry: Advanced Share Registry Pty Ltd 150 Stirling Highway NEDLANDS WA 6009

Tel: +61 8 9389 8033 Fax: +61 8 9389 7871 Underwriters to the issue: Not applicable Balance Date: 30 June CHESS: Participating. The Company will also operate an issuer sponsored subregister.

State of Incorporation: Western Australia Dividend Policy: See section 4.13 of the prospectus dated 5 December 2011 Activities: Potash exploration

ASX Circular

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Restricted Securities

19,600,000 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

2,400,000 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue being 8 November 2011.

6,000,000 options exercisable at $0.20 and expiring 1 November 2016, classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

ASX Circular

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