PACIFIC RESOURCES LIMITED — Capital/Financing Update 2010

Jul 12, 2010

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ASX ANNOUNCEMENT

REVISED INCREASED PLACEMENT AMOUNT

13 July 2010

LODESTONE ENERGY LIMITED (ASX: LOD) advises that, further to the $3.3 million placement announced on 9 July 2010, as a result of international travel arrangements and timezone differences for certain placees, it has received additional commitments for the placement from key sophisticated investors.

The company has accepted these additional commitments and as a result, the revised placement will now raise a total of $3.82 million.

As advised on 9 July, the placement, priced at $0.08 per share, will now result in the issue of 47,750,000 new shares, expected to occur on or before 15 July 2010 subject to receipt of cleared funds.

The total placement proceeds will fund the recommencement of the exploration program for the Tambo Coal & Gas Project along with related project expenditures and general corporate overheads. The drilling program at the Tambo Project will recommence as soon as possible, with an initial shallow-target coal exploration program due to commence as soon as access arrangements are finalised.

The new shares issued under the revised placement arrangements will represent 7.7 per cent of the issued capital of the Company immediately following the issue of shares in relation to the acquisition of Tambo Coal & Gas and Moreton Energy approved by shareholders on 29 June 2010.

Ends

Further information:

Staffan Ever Chief Executive Officer Lodestone Energy Limited Mobile: 0417 793 453

Greg Baynton Director Lodestone Energy Limited Mobile: 0414 970 566

Lodestone Energy Limited ABN 20 075 877 075 Level 1 101 Edward Street Brisbane Queensland 4000 � GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 � F +61 7 3221 6625 � info@lodestonenergy.com.au � www.lodestonenergy.com.au Page No. 1