PACIFIC RESOURCES LIMITED — Share Issue/Capital Change 2003

May 28, 2003

May 29, 2003

Australian Stock Exchange Limited Company Announcements Office $4th$ Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Restricted shares being released from escrow

We advise that a total of 725,000 ordinary shares fully paid previously restricted in escrow are being released from escrow effective May 29, 2003 and that the Company intends to seek quotation on the Australian Stock Exchange of those shares on June 12, 2003.

Yours sincerely Lodestone Exploration Limited

heno Stanly

Leni Stanley Secretary