PACIFIC RESOURCES LIMITED — Capital/Financing Update 2003

Mar 12, 2003

COMMENCEMENT OF OFFICIAL QUOTATION-LODESTONE EXPLORATION LIMITED

Lodestone Exploration Limited (the "Company") was admitted to the official list of the Australian Stock Exchange Limited on Wednesday, 12 March 2003.

Official quotation of the Company's securities will commence on Monday, 17 March 2003.

Quoted Securities:	17,093,120 fully paid ordinary shares (ASX Code: LOD)
	6,250,000 options exercisable at 20 cents each on orbefore 7 December 2004 (ASX Code: LODO)
ASX Code:	LOD
Time:	11.00 am E.D.S.T (10.00 am Brisbane)
SEAT Abbreviation:	LODESTONE
ISIN:	AU000000LOD5 (ordinary shares)
	AU00000LODO1 (options)
Home Branch:	Brisbane
GICS IndustryClassification	$151040 -$ Metals & Mining
Registered Office	C/- Stanley Yeates & AssociatesChartered AccountantsLevel 18, 200 Mary StBRISBANE QLD 4000
Company Secretary:	Leni Stanley
Share Registry:	Douglas Heck & Burrell RegistriesLevel 22, 300 Queen StBRISBANE QLD 4000
	Phone: (07) 3228 4219
Underwriter to theIssue:	ABN AMRO Morgans Corporate LimitedLevel 29, Riverside Centre123 Eagle StBRISBANE QLD 4000
	Phone (07) 3334 4888

Balance Date:

30 June

CHESS:

State of Incorporation

Dividend Policy

Activities:

ASX Restricted securities:

Participating. The Company will also operate an issuer sponsored sub register

Queensland

Refer prospectus

Gold and base metals exploration

Ordinary Shares

12,683,287 ordinary shares fully paid restricted for a period of 24 months from the commencement of official quotation, being 17 March 2005.

725,000 ordinary shares fully paid restricted for a period of 12 months from the date of issue, being 29 May 2003.

99,999 ordinary shares fully paid restricted for a period of 12 months from the date of issue, being 23 August 2003.

182,667 ordinary shares fully paid restricted for a period of 12 months from the date of issue, being 31 October 2003.

127,081 ordinary shares fully paid restricted for a period of 12 months from the date of issue, being 14 January 2004.

Options

800,000 options exercisable at 30 cents each between 30 September 2003 and 30 September 2007, restricted for a period of 24 months from the commencement of official quotation, being 17 March 2005.

100,000 options exercisable at 30 cents each between 30 September 2003 and 30 September 2005, restricted for a period of 24 months from the commencement of official quotation, being 17 March 2005.

ASX Contact:	Peter McNamara
Business Unit	Companies (Brisbane)
Extension No:	4000
Date:	13 March 2003