NEURIZER LTD — Share Issue/Capital Change 2007

Sep 2, 2007

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3 September 2007

COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN STOCK EXCHANGE

Via E-lodgement

Dear Sir/Madam

ASX CODE MTN – APPENDIX 3B

Enclosed[1] pleased find Appendix 3B application for quotation of additional securities following exercise of options.

Yours faithfully

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Sam Appleyard Company Secretary

1 Appendix 3B application

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

A p p e n d i x 3 B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

MARATHON RESOURCES LTD ABN 31 107 531 822

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	ordinary fully paid shares
	1,543,600
	ordinary fully paid shares

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Appendix 3B New issue announcement

• 4 Do the[+] securities rank equally in all rank equally respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration 20 cents per share

• 6 Purpose of the issue exercise of options (If issued as consideration for the acquisition of assets, clearly identify those assets)

• 7 Dates of entering[+] securities into 3 September 2007 uncertificated holdings or despatch of certificates Number +Class

• 8 Number and[+] class of all[+] securities 54,337,495 ordinary shares quoted on ASX ( including the securities in clause 2 if applicable)

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Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Part 2 - Bonus issue or pro rata issue 11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	Number	+Class
	1,142,900 30,000 160,000 3,000,000 500,000	unlisted 20 cent options expiring 30/6/09 unlisted 20 cent options expiring 30/6/2010 unlisted 45 cent options expiring 30/6/2010 unlisted $1.18 options expiring 30/6/2011 unlisted $4.36 options expiring, earlier of 6/8/2010, or 12 mths from employment cessation
	N/A
	- N/A

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Appendix 3B New issue announcement

17 titlements in lation to fractions Policy for deciding en re 18 be sent new issue e told how their ith. ross reference: rule 7.7. Names of countries in which the entity has+security holders who will not documents Note: Security holders must b entitlements are to be dealt w C 19 t of Closing date for receip acceptances or renunciations 20 ames of any underwriters N 21 Amount of any underwriting fee or ommission c 22 ames of any brokers to the issue N 23 Fee or commission payable to the roker to the issue b 24 ons on ehalf of+security holders Amount of any handling fee payable to brokers who lodge acceptances or renunciati b 25 f the meeting If the issue is contingent on +security holders’ approval, the date o 26 ent will be sent to ersons entitled Date entitlement and acceptance form and prospectus or Product Disclosure Statem p 27 tices will be sent to option olders If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which no h 28 trading will begin (if pplicable) Date rights a 29 trading will end (if pplicable) Date rights a

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Appendix 3B New issue announcement

30	How do+security holders sell their
	ntitlements_in full_through a e
	broker?
31	How do+security holders sell_part_
	f their entitlements through a o
	broker and accept for the balance?
32	ders dispose How do+security hol
	f their entitlements (except by sale o
	)? through a broker
33	patch date +Des

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

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Appendix 3B New issue announcement

37

[A copy of any trust deed for the additional ][+][securities ]

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Appendix 3B New issue announcement

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought

39 Class of +securities for which quotation is sought

40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

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Appendix 3B New issue announcement

Quotation agreement

• 1 Quotation of our additional[+] securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: ............................................................ (Company Secretary) Print name: S M APPLEYARD

Date: 3 September 2007

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