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MATSA RESOURCES LIMITED Capital/Financing Update 2009

Jan 6, 2009

65296_rns_2009-01-06_6b394cd4-d29a-4926-851a-d99a54c4447d.pdf

Capital/Financing Update

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KALGOORLIE-BOULDER RESOURCES LTD ABN 48 106 732 487

ASX Announcement

ASX Code: KAL

7 January 2009

POST CONSOLIDATION CAPITAL STRUCTURE & CHANGE OF NAME

The Company wishes to confirm that following the reorganisation of its capital the despatch of holding statements will occur on 7 January 2009 as previously advised.

The Company also wishes to advise that post the reorganisation of its capital its listed and unlisted securities are as follows:

Quoted Securities

Ordinary shares 50,148,543

Non-quoted Securities

Ordinary shares (escrow for 12 months) 8,857,600 Unlisted options exercisable at $0.50 each expiring 5 December 2010 400,000 Unlisted options exercisable at $1.00 each expiring 5 December 2010 400,000 Unlisted options exercisable at $0.50 each expiring 5 December 2010 260,000 Unlisted options exercisable at $1.00 each expiring 5 December 2010 260,000 Unlisted options exercisable at $0.625 each expiring 16 April 2011 250,000 Unlisted options exercisable at $0.75 each expiring 16 April 2011 250,000 Unlisted options exercisable at $0.50 each expiring 16 April 2011 250,000 Unlisted options exercisable at $0.35 each expiring 1 July 2011 4,000,000

Change of Company Name

The Company wishes to advise that following shareholder approval received on 18 December 2008 that it has formally changed its name to Matsa Resources Limited.

The Company’s new name and ASX code (“MAT”) will be effective from Tuesday 13 January 2009.

Yours Sincerely,

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Andrew Chapman Company Secretary

Unit 10 Vosper House 31 – 33 Dugan St Kalgoorlie PO Box 10808, Kalgoorlie WA 6430 Tel: 08 90217 200 Fax: 08 90 217 277

[email protected]

www.kalgoorlieboulderres.com.au