PACIFIC RESOURCES LIMITED — Capital/Financing Update 2008

Jul 20, 2008

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Lodestone Exploration Limited ABN 20 075 877 075 www.lodestonex.com

ASX Release 21 July 2008

ASX Code LOD______

The Manager Company Announcements Office Australian Stock Exchange Limited 10[th] Floor, 20 Bond Street

SYDNEY NSW 2000

SHARE PURCHASE PLAN CLOSES AND DIRECTORS INCREASE MAXIMUM AMOUNT TO BE RAISED

The Directors of Lodestone Exploration Limited (“Lodestone”) are pleased to announce that the Share Purchase Plan closed with applications received totaling $987,500, representing an oversubscription of $187,500.

Lodestone announced its capital raising program totaling $1.53 million on 18 June 2008, and advised that a total of $800,000 had been reserved to be made available to existing shareholders under the Share Purchase Plan (“SPP”).

Directors of Lodestone are pleased to advise shareholders who applied for shares under the SPP that they have exercised their discretion and today resolved to increase the maximum amount to be raised under the SPP, before scale back, to $987,500. Lodestone will therefore be allotting a total of 32,916,743 shares under the SPP tomorrow as full allocation for all application funds received.

Yours faithfully,

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Leni Stanley Company Secretary