MATSA RESOURCES LIMITED — Capital/Financing Update 2007

Sep 20, 2007

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Mt Edon House 2[nd] Floor,West Apartment, Hse 2/7 Inner Road, 30 Ledgar Rd Immeuble Archêvè, Cantonments, Accra Balcatta. WA. Conakry. Ghana. Australia. Républic De Guinée. P. +233 021 782348 P. +61 8 9240 7660 B.P. 3938. Conakry. F. +61 8 9240 2406 Républic De Guinée. A.B.N. 14 113 517 203 P. +8821 621 153 527 www.bureygold.com

21 September 2007

The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000

Dear Sir

SETTLEMENT OF MINERAL INTERESTS ACQUISITION COMPLETED

Burey Gold Limited refers to its previous announcements in relation to the acquisition of uranium prospective mineral properties from ASX listed Kalgoorlie-Boulder Resources Limited.

The Company has completed the issue of 2,500,000 shares under the terms of the agreement with Kalgoorlie-Boulder Resources Limited. The Company has also completed the issue of 3,394,500 options (BYRO class) to subscribers who participated in a share placement in June 2007. At that time the Company did not have the capacity, under ASX listing rules, to issue the free attaching options on a one for two basis. Shareholder approval for these securities issues was provided at a meeting on 13 August 2007.

Total securities now on issue are as follows:

Ordinary shares 54,569,003 Options (BYRO class) 25,904,496 Other options (unquoted) 6,500,000

Yours faithfully

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Susmit Shah Company Secretary