KING RIVER RESOURCES LIMITED — Capital/Financing Update 2008

Jun 24, 2008

==> picture [62 x 74] intentionally omitted <==

Secondary Trading Notice

ANNOUNCEMENT 25 June 2008

Further to our announcement dated 5 June 2008, NiPlats Australia Limited (“the Company”) confirms that it has issued 6.8 million shares (“the Securities”) at $0.40 per share for $2.72 million which is within the Company's 15% placement capacity.

The Corporations Act restricts the on sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. A sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies the Australian Stock Exchange under paragraph 708A(5)(e) of the Corporation Act that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at 25 June 2008, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at 25 June 2008 there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • the rights and liabilities attaching to the Securities.

Should you have any further queries in relation to the above, please do not hesitate to contact the undersigned.

Yours faithfully,

==> picture [120 x 35] intentionally omitted <==

Richard Wolanski Director

FOR FURTHER INFORMATION, PLEASE CONTACT: Anthony Barton – Non Executive Chairman Richard Wolanski – Executive Director

NiPlats Australia Limited Telephone: +61 8 9221 8055 Level 22 Allendale Square Fax: +61 8 9221 7866 77 St Georges Terrace Perth WA 6000