PATERSON RESOURCES LTD — Capital/Financing Update 2010

Aug 4, 2010

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5 August 2010

The Manager Company Announcements Office Australian Securities Exchange Level 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

EXPIRY OF UNLISTED OPTIONS

United Orogen Limited advises that the following unlisted options have expired:

Number Exercise Price Expiry Date 38,329,300 $0.20 4[th] August 2010

Please note that completed applications for the exercising of the remaining 10,000 options were received prior to the expiry date, and are currently being processed.

Yours faithfully,

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MARK KILLMIER Company Secretary