LIBERTY METALS LTD - Capital/Financing Update 2003

MARKET RELEASE

17 November 2003

Traka Resources Limited was admitted to the Official List of Australian Stock Exchange Limited on Monday, 17 November 2003.

Official Quotation of the following securities will commence at 1pm E.D.S.T (10am W.S.T) on Thursday, 20 November 2003.

22,800,000

fully paid ordinary shares

Security Code: TKL

Brendan O'Hara MANAGER COMPANIES

Traka Resources Limited (the "Company") was admitted to the official list of the Australian Stock Exchange Limited on Monday, 17 November 2003.

Official quotation of the Company's securities will commence on Thursday, 20 November 2003.

Quoted Securities:	22,800,000 fully paid ordinary shares
ASX Code:	TKL
Time:	$1pm E.D.S.T$ (10am W.S.T)
Date:	Thursday, 20 November 2003
SEAT Abbreviation:	TRAKA RES
ISIN:	AU000000TKL9
Home Branch:	Perth
Industry Classification:	Metals & Mining
Registered Office:	Level 1, 43 Ventnor Avenue WEST PERTH WA 6005
	Telephone: (08) 9322 1655 Facsimile: (08) 9322 9144
	Website: www.trakaresources.com.au
Company Secretary:	Mr Desmond Kelly
Share Registry;	Computershare Investor Services Pty Ltd Level 2, 45 St George's Terrace PERTH WA 6000

No responsibility is accepted for any inaccuracies in the matter published.

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Underwriter to the issue:	Bell Potter Securities Limited Level 37, Exchange Plaza 2 The Esplanade PERTH WA 6000
Balance Date:	30 June
CHESS:	Participating. The Company will also operate an issuer sponsored subregister.
State of Incorporation:	Western Australia
ASX restricted securities:	6,875,000 ordinary shares, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation;
	2,000,000 options exercisable at 35 cents each on or before 10 October 2008, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation;
	600,000 ordinary shares, classified by ASX as restricted securities and to be held in escrow until 8 January 2004; and
	1,425,000 ordinary shares, classified by ASX as restricted securities and to be held in escrow until 10 October 2004.
Dividend Policy:	N/A
Activities:	Exploration for nickel and gold
Additional securities not quoted:	N/A

ASX Contact:	Marian Tang
Business Unit	Companies, Perth
Date:	17 November 2003

No responsibility is accepted for any inaccuracies in the matter published.