LOTUS RESOURCES LIMITED — Capital/Financing Update 2011

Feb 1, 2011

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2 February 2011

Company Announcements Office Australian Stock Exchange PO Box H224 Australia Square Sydney NSW 2000

NON-RENOUNCEABLE SHARE ENTITLEMENT ISSUE AND OPTION ENTITLEMENT ISSUE PROSPECTUS DESPATCH

The Company confirms the despatch today to Shareholders of the Company’s Share Entitlement Issue and Option Entitlement Issue Prospectus as lodged with ASIC and ASX on 18 January 2011, including the Share Entitlement and Acceptance Form and Option Entitlement and Acceptance Form.

Gang Xu Managing Director

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A C N 1 1 9 9 9 2 1 7 5 Suite 8 1297 Hay Street, West Perth, Western Australia, 6005 T: (61-8) 9322 6009 F: (61-8) 9322 6128