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LINDIAN RESOURCES LIMITED Capital/Financing Update 2011

May 17, 2011

65236_rns_2011-05-17_384efcf3-994f-4100-8d22-f703201fc07b.pdf

Capital/Financing Update

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==> picture [104 x 110] intentionally omitted <==

18 May 2011

Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Via e-lodgement

PLACEMENT COMPLETED

Lindian Resources Limited (“the Company”) is pleased to announce it has completed $2.40 million placement to institutional and sophisticated investors as announced on 8 February 2011.

The Company received shareholder approval at a General Meeting on 20 April 2011 to facilitate the completion of the Placement.

The Company will now proceed with allotment and despatch of holding statements.

Yours faithfully,

Scott Funston Company Secretary LINDIAN RESOURCES LIMITED

Level 1 / 33 Richardson Street, West Perth WA 6005 P.O. Box 826, West Perth WA 6872, Australia Ph: +61 8 9200 4438, Fax: +61 8 9200 4469 www.lindianresources.com.au or [email protected]