MATSA RESOURCES LIMITED — Capital/Financing Update 2005

Jul 19, 2005

KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

20 July 2005

Release to ASX

ASX Code: KAL

VOLUNTARY ESCROW RELEASE

Pursuant to ASX Listing Rule 3.10A, we advise that 2,900,000 shares which were subject to a voluntary escrow of three (3) months from the date of listing on the ASX will be released today.

Yours sincerely || 4

∦ohn Coles
Company Secretary

48 Lake Street, Northbridge WA 6003 PO Box 312, Northbridge WA 6865 Tel: 08 9228 9742 Fax: 08 9228 8685 admin@kbrl.com.au