Lachlan Star Limited — Capital/Financing Update 2008

Jan 29, 2008

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30 January 2008

Company Announcements Office ASX Limited

Via ASX Online

Dear Sirs

EXPIRY OF UNLISTED OPTIONS

The Company advises that the following unlisted options have expired:

Number Class

33,333 Unlisted options exercisable at $6.45 each expiring on 30 January 2008

The current capital structure of the Company is as follows:

Number Class

770,617,371 Ordinary 18,333,333 Unlisted options exercisable at $0.01 each expiring on 31 December 2008 66,666 Unlisted options exercisable at $6.30 each expiring on 19 May 2008

Yours sincerely

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RA Anderson

Company Secretary

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