MATSA RESOURCES LIMITED — Capital/Financing Update 2007

Jun 12, 2007

KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

FACSIMILE TRANSMISSION

DATE:	13 June 2007
ATTN:	Company Announcements
COMPANY:	Kalgoorlie-Boulder Resources Ltd
FAX NO:	1900 999 279
FROM:	Trevor Matthews
NO. OF PAGES:	(inclusive)

The information transmitted is intended only for the person or entity to which it is addressed. It may contain confidential and/or legally privileged material including information subject to privacy legislation. If you ar do so. Any views expressed in this message are those of the individual sender and may not necessarily reflect the views of the company.

MESSAGE:

Please urgently lodge the attached ASX Announcement.

Regards

kГ

Trevor Matthews Managing Director

KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

ASX Announcement

ASX Codes: KAL, KALO

13 June 2007

URANIUM ASSET SALE AGREEMENT SIGNED

Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce that it has executed the restructured uranium asset sale agreement with Burey Gold Limited ("Burey Gold").

The new agreement involves the sale of the Company's uranium tenements and other related interests to Burey Gold for an up-front cash payment of \$1.75 million and 2 million Burey Gold shares.

Chairman Michael Atkins said that the execution of this agreement was a pivotal step forward for the Company as it began the implementation of its new strategy focused on its 100%-owned Norseman Gold Project.

"The restructured agreement will realise \$1.75 million in cash to immediately strengthen our balance sheet whilst retaining the potential valuation upside of these uranium assets through a meaningful shareholding in Burey Gold," he said.

"The funds raised from this agreement, together with the expected cash flow from the final milling of ore from the Jackpot Mine, will be used to aggressively push ahead with the exploration and development of the Company's 1.23 million ounce Norseman Gold Project."

"We have a very strong belief in the potential of the Norseman Gold Project to transform Kalgoorlie-Boulder Resources in the year ahead and we look forward to reporting the results of the drilling programme already underway on the project."

The terms of the restructured agreement was announced to the ASX on 28 May 2007 and supersedes the previous option agreement for the sale of the Company's uranium tenements and other related interests to Burey Gold.

The new agreement is subject to two key conditions:

• the agreement by the owner of certain of the tenements over which the Company has an option to the assignment of the option to Burey Gold; and
• $\bullet$ the payment of \$1.75 million in cash to the Company.

The above conditions must be satisfied by Friday 15 June 2007.

For further information, please contact:

Michael Atkins Executive Chairman Kalgoorlie-Boulder Resources Limited Telephone (08) 9228 9742

Tony Veitch Porter Novelli Telephone (08) 9386 1233

About Kalgoorlie-Boulder Resources

Kalgoorlie-Boulder Resources is an ASX-listed minerals exploration company focused on its 100%-owned Norseman Gold Project.

The Norseman Gold Project covers 124 square kilometres of the prolific South Yilgarn Greenstone belt of the Eastern Goldfields in Western Australia. Norseman is the southernmost gold mining centre of the Norseman to Wiluna gold belt which hosts an endowment of over 270 million ounces of gold. The Norseman region has been a major gold producer with production in excess of 5.5 million ounces of gold from 1935.

The Norseman Gold Project contains a number of mineral resources at the Mt Henry, Selene and Scotia deposits where there are currently total inferred resources of 1.23 million ounces of gold.

Kalgoorlie-Boulder Resources is currently undertaking an initial 10,000 metre drilling program at the Norseman Gold Project and will shortly commence a scoping study designed to identify the various development options available to the Company.