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PEEL MINING LIMITED Capital/Financing Update 2009

Nov 17, 2009

65545_rns_2009-11-17_35e0f512-15fa-4962-930b-6493d147d718.pdf

Capital/Financing Update

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18 November 2009

Mr Matthew Foy Company Announcements Office Australian Securities Exchange Limited Exchange Plaza, 2 The Esplanade Pert, WA 6000

REQUEST FOR TRADING HALT

Peel Exploration Limited (ASX Code: PEX) requests a voluntary trading halt of its Securities for two days (or until the announcement has been made) pending an announcement regarding the placement of shortfall shares related to the non‐renounceable entitlements issue dated 24 August 2009.

Peel Exploration is unaware of any reason why the trading halt should not be granted.

Yours faithfully

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Mr Robert Tyson Managing Director Peel Exploration Limited

Peel Exploration Limited ACN 119 343 734

Level 1, 79 Hay St, Subiaco, WA 6008. Ph: (08) 9382 3955. Fax (08) 9388 1025. E: [email protected].

www.peelex.com.au