KING RIVER RESOURCES LIMITED — Capital/Financing Update 2008

Jun 10, 2008

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2008 Exploration Drilling Programme Expanded

ANNOUNCEMENT 11 June 2008

HIGHLIGHTS

• 2008 Exploration Programme expanded following successful capital raising;

• � 2008 Programme expansion will result in an increase in RC and Diamond Core drilling;

• The 2008 Programme will be significantly larger than the 2007 Programme;

• � Drilling start date in the next week.

As a result of the capital raising completed on 5 June 2008 raising $2.72 million NiPlats Australia Limited (ASX: NIP) is pleased to announce an expansion of the 2008 Exploration programme outlined in the ASX announcement dated 29 April 2008.

2008 Exploration Programme Update

The programme will focus on:

• Identifying the regional extent of the PGE+Au reef discovered in 2007 and locate any potential feeder zones for improved grades;

• Drill the large vanadium exploration targets with a view to completing resource estimates and metallurgical testwork to assess development potential;

• Drill the down dip extensions of the fluorite resource to test the potential copper-gold system;

• Drill extensions of the existing fluorite resource, update the resource estimate and assess development options.

The 2008 Exploration Programme will include:

• Upgrading station tracks and establishing drill-site access;

• RC drilling;

• Diamond core drilling;

• Geological mapping;

• Soil sampling;

• Initial metallurgical testing of the vanadiferous magnetite; and

• Resource estimates for the fluorite and vanadium.

Exploration and assays results will be announced to the market in a timely manner as the information comes to hand.

FOR FURTHER INFORMATION, PLEASE CONTACT:

NiPlats Australia Limited Level 22 Allendale Square 77 St Georges Terrace Telephone: +61 8 9221 8055 Perth WA 6000 Fax: +61 8 9221 7866 Anthony Barton – Non Executive Chairman Richard Wolanski – Executive Director