KINGSROSE MINING LIMITED — Capital/Financing Update 2009

Apr 5, 2009

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

KINGSROSE MINING LIMITED

ABN

49 112 389 910

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Ordinary Shares
	100,000,000
	Ordinary fully paid shares that will rank equally, subject to shareholder approval, Shareholders’ Meeting will be held on 7 May 2009.

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Yes, but subject to shareholder approval, Shareholders’ Meeting will be held on 7 May 2009.
	$0.20
	The intended use of the funds raised will be used for the following purposes: (i) Completion of construction of the mine at the Way Linggo Gold Project in Indonesia; (ii) To fund the repayment of the loans pursuant to the terms of the Loan Arrangements Deed pursuant to which the Company has obligations to fund the repayment of various loans made to its wholly owned subsidiaries connected to the Project; (iii) To fund site exploration during the construction phase for the Project; and (iv)General working capital requirements.

7 Dates of entering[+] securities into Following shareholders approval on 7 May uncertificated holdings or despatch 2009. of certificates

Number +Class 8 Number and +class of all 53,450,020 Ordinary shares KRM +securities quoted on ASX 38,525,010 Listed options KRMO ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

24/10/2005

Appendix 3B Page 2

Appendix 3B New issue announcement

Number +Class 9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable) 22,300,000 42,500,000 100,000,000 5,000,000 500,000 1,000,000 2,250,000 11,000,000 Ordinary shares (escrowed) KRMAM Ordinary shares (escrowed) KRMAU Ordinary shares (subject to shareholder Approval on 7 May 2009) Unlisted options (escrowed) KRMAO Unlisted options KRMAK Unlisted options (ESOP) KRMAI Unlisted options (ESOP) KRMAS Unlisted Convertible Notes KRMAQ 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) N/A art 2 - Bonus issue or pro rata issue N/A 11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	Number	+Class
	22,300,000 42,500,000 100,000,000 5,000,000 500,000 1,000,000 2,250,000 11,000,000	Ordinary shares (escrowed) KRMAM Ordinary shares (escrowed) KRMAU Ordinary shares (subject to shareholder Approval on 7 May 2009) Unlisted options (escrowed) KRMAO Unlisted options KRMAK Unlisted options (ESOP) KRMAI Unlisted options (ESOP) KRMAS Unlisted Convertible Notes KRMAQ
	N/A

Part 2 - Bonus issue or pro rata issue N/A

• See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

Appendix 3B New issue announcement

19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_ of their entitlements through a broker and accept for the balance?

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

• 32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

• 33 +Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought

• 39 Class of +securities for which quotation is sought

• 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period

• on conversion of another security, clearly identify that other security) Number +Class

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

==> picture [130 x 83] intentionally omitted <==

Sign here: (Company secretary) Print name: JEANNETTE P. SMITH. Date: 6 April 2009 == == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003