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LINDIAN RESOURCES LIMITED Capital/Financing Update 2012

Feb 19, 2012

65236_rns_2012-02-19_df28ed25-4b40-46f6-bd85-597550d4ba7d.pdf

Capital/Financing Update

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

20 February 2012

Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir / Madam

RE: LINDIAN RESOURCES LIMITED – COMPLETION OF NON-RENOUNCEABLE OFFER

Please be advised that Lindian Resources Limited (the Company) has received applications for 108,233,106 options pursuant to the Option Issue Prospectus dated 17 January 2012. The Company will now begin to place the shortfall of 28,293,565 options.

The Company will now proceed with the allotment process and dispatch holding statements for the applications according to the timetable included in the Option Issue Prospectus dated 17 January 2012.

The Company will proceed with the allotment process and dispatch of holding statements for the shortfall as soon as possible after the applications have been received and funds have cleared.

The Option Issue Prospectus refers to a deferred settlement commencing Friday 17 February 2012. The Company advises there will be no deferred settlement trading.

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]