LOTUS RESOURCES LIMITED — Capital/Financing Update 2009

Feb 12, 2009

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MARKET RELEASE

13 February 2009

Dragon Energy Limited

ADMISSION TO OFFICIAL LIST

Dragon Energy Limited was admitted to the Official List of ASX Limited on Friday, 13 February 2009.

Official Quotation of the following securities will commence at 1:00pm E.D.S.T (11:00am W.D.S.T) on Wednesday, 18 February 2009.

45,498,100 ordinary shares fully paid

Security Code:

DLE

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Nathan Bartrop Adviser, Issuers (Perth)

dle2009.02.13mr-nb.doc

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ASX Circular

Date: 13 February 2009

Key topics

COMMENCEMENT OF OFFICIAL QUOTATION – DRAGON ENERGY LIMITED

Dragon Energy Limited (the “Company”) was admitted to the official list of the ASX Limited on Friday 13 February 2009.

1. Dragon Energy Limited

2. ASX Code: DLE

3. Quotation Commences: 1:00 pm E.D.S.T. (11.00 am W.D.S.T) on 18 February 2009.

Official quotation of the Company’s securities will commence on Wednesday, 18 February 2009.

Quoted Securities: 45,498,100 fully paid ordinary shares

ASX Code: DLE

Reading List

Banks Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers Institutions ASTC Participants Operations Managers (back office) Share Registries ACH Participants Market Participants

Contact

Nathan Bartrop

Telephone

(08) 9224 0000

ASX Ltd ABN 98 008 624 691 Level 8, Exchange Plaza 2 The Esplanade Perth WA 6000

GPO BOX D187 Perth WA 6840

Time: 1 PM EDST (11 am WST) Date: Wednesday, 18 February 2009 ITS Abbreviation: DRAGONENER

ISIN: AU000000DLE6 Home Branch: Perth Industry Materials Classification: Registered Office: 79 Broadway NEDLANDS WA 6009 Company Secretary: Anthony Ho Share Registry: Computershare Investor Services Pty Ltd Level 2 Reserve Bank Building Telephone: (08) 9323 2000 Facsimile: (08) 9323 2033

Brokers to the issue: N/A

Balance Date: 30 June

CHESS: Participating. The Company will also operate an issuer sponsored subregister.

State of Western Australia Incorporation:

Internet: http://www.asx.com.au

ASX restricted See below securities:

Dividend Policy: Refer to prospectus page 96.

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

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Activities: Exploration for phosphate in Queensland. Securities not 95,564,957 ordinary shares fully paid classified by ASX as quoted: restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation. 959,150 ordinary shares fully paid classified by ASX as restricted securities and to be held in escrow for a period of 12 months from date of issue being 23 September 2008. 357,500 ordinary shares fully paid classified by ASX as restricted securities and to be held in escrow for a period of 12 months from date of issue being 10 October 2008.

10,750,000 options exercisable at 30 cents on or before 31 May 2012 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

400,000 options exercisable at 30 cents on or before 31 May 2012 classified by ASX as restricted securities and to be held in escrow for a period of 12 months from date of issue being 13 May 2008. Voluntary Escrow 14,477,900 ordinary shares fully paid subject to voluntary escrow for a period of 12 months from commencement of official quotation. ASX Contact: Nathan Bartrop Business Unit Issuers Perth Date: 13 February 2009

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