KINGSROSE MINING LIMITED — Capital/Financing Update 2009

May 13, 2009

==> picture [72 x 70] intentionally omitted <==

14 May 2009

The Manager Announcements Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir/Madam

Notice Given Under Section 708A(5)(e) of the Corporations Act

At the General Meeting held on 7 May 2009, shareholders approved authorised the placement of 100,000,000 fully paid ordinary shares (“Shares”) at 20 cents each to raise $20,000,000 before expenses.

The Company is pleased to advise that the placement has been concluded and the Shares have been issued.

The above Shares are part of a class of securities quoted on ASX and may be subject to a subsequent offer for sale.

The Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act.

The Company issued the Shares above without a disclosure document to investors under Part 6D.2 of the Corporations Act.

The Company, as at the date of this notice, has complied with:

1. the provisions of Chapter 2M of the Corporations Act; and

2. section 674 of the Corporations Act.

There is no excluded information, as defined in sections 708A(7) and 708A(8) of the Corporations Act, as at the date of this notice.

Yours faithfully

KINGSROSE MINING LIMITED

==> picture [111 x 47] intentionally omitted <==

JEANNETTE P. SMITH COMPANY SECRETARY