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MATSA RESOURCES LIMITED Capital/Financing Update 2010

Jan 28, 2010

65296_rns_2010-01-28_cff593ac-7ff9-4ebc-9058-24231e616e87.pdf

Capital/Financing Update

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ABN 48 106 732 487

29 January 2010

Mr Nicholas Ong Australian Securities Exchange Limited 2 The Esplanade PERTH WA 6000

Dear Mr Ong,

Request for Trading Halt

Matsa Resources Limited (“the Company”) hereby requests a trading halt in its securities with immediate effect in accordance with Listing Rule 17.1 pending an announcement with respect to a proposed capital raising by the Company.

The Company is not aware of any reason why the trading halt should not be granted.

For and on behalf of the Board

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Andrew Chapman Company Secretary

Head Office: 310A Newcastle Street, Perth Western Australia 6000 Tel : +61 8 9230 3555 Fax : +61 8 9227 0370 Kalgoorlie Office: Suite 1, Vosper House, 31-33 Dugan Street, Kalgoorlie 6430 Tel: +61 8 9021 7200 Fax: +61 8 9021 7277 [email protected] www.matsa.com.au P a g e

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