Lachlan Star Limited — Capital/Financing Update 2007

Jul 5, 2007

Toodyay Resources Ltd

ABN 88 000 759 535

Level 1 33 Ord Street West Perth, Western Australia 6005 Australia

Telephone: +61 8 9420 9300 Facsimile: +61 8 9481 2690

6 July 2007

Company Announcements Office Australian Stock Exchange Limited

By e-Lodgement

Dear Sir / Madam

EXPIRY OF UNLISTED OPTIONS

The Directors advise that the following unlisted options have expired:

Number	Terms
46.666	exercisable at \$15.90 each and expiring on 24 April 2007
16,666	exercisable at \$17.10 each and expiring on 18 June 2007

The current capital structure of the Company is now as follows:

Number	Class
359,475,352	Ordinary
	99,333 \$11.25 options expiring on 5 November 2007
153,333	\$16.65 options expiring on 30 November 2007
33,333	\$6.45 options expiring on 30 January 2008
66,666	\$6.30 options expiring on 19 May 2008
20.000.000	1 cent options expiring on 31 December 2008

Yours faithfully

G Gerinepres
J

Gary Steinepreis Director