PACIFIC RESOURCES LIMITED — Capital/Financing Update 2009

May 14, 2009

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Lodestone Exploration Limited

ABN 20 075 877 075 www.lodestonex.com

Date : 15 May 2009

To : Australian Stock Exchange Limited Companies Announcement Office Electronic Lodgment System

Dear Sir

Section 708A Notice – Placement Shares

Lodestone Exploration Limited (“Lodestone” or “the Company”) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that it issued 9,000,000 ordinary fully paid shares and 9,000,000 unlisted options (each of which entitles holder to acquire one share and one unlisted piggyback option) today in a placement in the Company ( Shares ) without disclosure to investors under Part 6D.2 of the Corporations Act.

The Company states that as at the date of this notice:

• It has complied with the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act; and

• It is not aware of any excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.

An Appendix 3B with respect to the issue of the Shares was lodged by the Company with ASX on 15 May 2009.

Yours sincerely Lodestone Exploration Limited

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Leni Stanley Company Secretary

Lodestone Exploration Limited Exploring Queensland

Lodestone Exploration Limited GPO Box 762 Brisbane QLD 4001 Australia