PACIFIC RESOURCES LIMITED — Capital/Financing Update 2010

Jul 8, 2010

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ASX ANNOUNCEMENT

PLACEMENT COMPLETED

9 July 2010

LODESTONE ENERGY LIMITED (ASX: LOD) is pleased to announce the completion of a placement of $3.3 million to sophisticated investors, led by strategic investor Square Resources Pty Ltd.

The placement, priced at $0.08 per share will provide total proceeds of $3.3 million, and will result in the issue of 41,250,000 new shares, expected to occur on or before 14 July 2010 subject to receipt of cleared funds.

The 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 shallowtarget coal exploration program due to commence as soon as access arrangements are finalised.

The $3.3 million placement follows the appointment of Mr Staffan Ever as CEO of Lodestone and the approval of the acquisition of Tambo Coal & Gas Pty Ltd and Moreton Energy Pty Limited by the Company’s shareholders last week.

Square Resources contributed one-third of the current placement and previously undertook a strategic investment in Lodestone Energy during December 2009. Staffan Ever, CEO of Lodestone, is also a Director of Square Resources.

The new shares issued under the placement arrangements will represent 6.7 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