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KINGSROSE MINING LIMITED Capital/Financing Update 2011

May 4, 2011

65202_rns_2011-05-04_65b3306f-3ace-46f9-b941-c53fb5e22f15.pdf

Capital/Financing Update

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Kingsrose Mining Limited

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5 May 2011

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

Dear Sir/Madam

CANCELLATION OF 500,000 UNLISTED OPTIONS (KRMAQ)

We wish to advise that in February 2011, 500,000 unlisted options were issued to an employee under the Company’s Employee Option Scheme. The issue of the options included a six month vesting period.

The employee has resigned and therefore the options will not vest and have subsequently been cancelled.

Capital structure is now as follows:

SECURITY ASX CODE NUMBER
OrdinaryShares KRM 263,130,366
Listed Options KRMO 22,344,664
Unlisted Options KRMAA 850,000
Unlisted Options KRMAI 1,200,000
Unlisted Options KRMAM 150,000
Unlisted Options KRMAO 3,500,000
Unlisted Options KRMAS 1,000,000
Unlisted Options KRMAK 75,000
Unlisted Options KRMAU 3,000,000

Yours faithfully KINGSROSE MINING LIMITED

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JEANNETTE P. SMITH COMPANY SECRETARY

Suite 9, Level 2, 12-14 Thelma Street

Kingsrose Mining Limited

T: +61 8 9486 1149 F: +61 8 9486 1151