PACIFIC RESOURCES LIMITED — Capital/Financing Update 2003

Aug 7, 2003

August 8, 2003

Australian Stock Exchange Limited Company Announcements Office $4^th$ Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Restricted shares being released from escrow

We advise that a total of 99,999 ordinary shares fully paid previously restricted in escrow are being released from escrow effective August 23, 2003 and that the Company intends to seek quotation on the Australian Stock Exchange of those shares on August 25, 2003.

Yours sincerely Lodestone Exploration Limited

heno Stanly

Leni Stanley Secretary