PATERSON RESOURCES LTD — Capital/Financing Update 2011

Apr 7, 2011

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8 April 2011

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

Dear Sir / Madam

RIGHTS ISSUE

United Orogen Limited (ASX:UOG) advises that it is currently in discussions with the Australian Securities & Investments Commission regarding a replacement prospectus for the pro rata non renounceable rights issue lodged with ASX 28 March 2011. The replacement prospectus will be lodged with ASX as soon as possible.

The Ex date of 31 March 2011, the Record Date of 6 April 2011 and the Closing Date of 27 May 2011 set out in the prospectus lodged 28 March 2011 will remain unchanged in the replacement prospectus. However the date the prospectus will be despatched to shareholders will be changed from 12 April 2011 to 18 April 2011.

Yours faithfully,

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MARK KILLMIER Company Secretary