KINGSROSE MINING LIMITED — Share Issue/Capital Change 2011

Apr 13, 2011

Kingsrose Mining Limited

14 April 2011

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

Kingsrose Mining Ltd (“the Company”) has issued 380,019 fully paid ordinary shares (“Shares”) upon the exercise of:

• 380,019 listed options that were previously issued under the Company’s 1:2 Rights Issue at an exercise price of $0.20 each and an expiry date of 31 December 2012.

The above Shares have been issued and 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

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JEANNETTE P SMITH COMPANY SECRETARY

Suite 9, Level 2, 12-14 Thelma Street T: +61 8 9486 1149 F: +61 8 9486 1151 West Perth Western Australia 6005 E: info@kingsrosemining.com.au

Kingsrose Mining Limited ABN 49 112 389 910

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

0B Appendix 3B

2BNew issue announcement, 3Bapplication for quotation of additional securities 4Band 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.

5BPart 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)	a) Fully paid ordinary shares. b) Fully paid ordinary shares.
	a) 25,000 b) 355,019
	Exercise Expiry Price Date a) $0.20 31 December 2012 b) $0.20 31 December 2012

• See chapter 19 for defined terms.

24/10/2005

Appendix 3B Page 2

Appendix 3B New issue announcement

4 Do the[+] securities rank equally in all respects from the date of allotment a) Yes with an existing[+] class of quoted b) Yes +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 a) 25,000 listed options - $0.20 each b) 355,019 listed options - $0.20 each 6 Purpose of the issue (If issued as consideration for the Allotment upon exercise of: acquisition of assets, clearly identify those assets) a) (KRMO) 25,000 listed options, expiring on 31/12/2012 and issued under the Company’s 1:2 Rights Issue. b) (KRMO) 355,019 listed options, expiring on 31/12/2012 and issued under the Company’s 1:2 Rights Issue. 7 Dates of entering[+] securities into uncertificated holdings or a) 13 April 2011 despatch of certificates b) 14 April 2011 Number +Class 8 Number and +class of all +securities quoted on ASX 257,245,366 Ordinary shares KRM (including the securities in clause 28,179,664 Listed options KRMO 2 if applicable)

• See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (includingthe securities in clause 2 if applicable)	Number	+Class
	900,000 1,200,000 150,000 3,500,000 1,000,000 75,000 500,000 3,000,000 10,325,000	KRMAA - Unlisted options KRMAI – Unlisted options KRMAM – Unlisted options (ESOP) KRMAO – Unlisted options KRMAS – Unlisted options (ESOP) KRMAK – Unlisted options (ESOP) KRMAQ – Unlisted options (ESOP) KRMA? – Unlisted options(ESOP) TOTAL UNLISTED OPTIONS

• 10 Dividend policy (in the case of a N/A trust, distribution policy) on the increased capital (interests)

6BPart 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.
19	Closing date for receipt of
	acceptances or renunciations

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

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 entitlementsin fullthrough a broker? 31 How do+security holders sellpart of their entitlements through a broker and accept for the balance?

• See chapter 19 for defined terms.

Appendix 3B Page 5

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

7BPart 3 - Quotation of securities

1You need only complete this section if you are applying for quotation of securities

• 34 Type of securities (tick one)

• (a) YES 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

8B

Entities that have ticked box 34(a)

1Additional 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.

Appendix 3B Page 6

1/1/2003

Appendix 3B New issue announcement

9BEntities 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

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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)
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Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

Appendix 3B New issue announcement

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

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(Company Secretary) Print name: JEANNETTE P SMITH Date: 14 April 2011

== == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 8

1/1/2003