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PILOT ENERGY LIMITED Capital/Financing Update 2011

Dec 14, 2011

65558_rns_2011-12-14_3ced2a4e-9845-422b-8869-4cee1a7e283f.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT NOTICE UNDER SECTION 708A(6) OF THE CORPORATIONS ACT

EARTH HEAT RESOURCES LTD [ASX Code: EHR]

This notice is given under paragraph (5)(e) of section 708A of the Corporations Act.

The following securities of the Company were issued without disclosure to investors under Part 6D.2 of the Corporations Act:

Type: Shares
Class/Description: Ordinary (fully paid)
ASX Code: EHR
Date of Issue: 15 December 2011
Number Issued: 20,000,000
Issue Price per Security: Issued at $0.03 each as per the placement
announcementmade on 12/12/2011

The Company has applied to Australian Stock Exchange Limited for quotation of the above securities.

As at the date of this notice, the Company has complied with:

(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (b) section 674 of the Corporations Act.

Other information The Company is not possessed of any information required to
which is excluded be disclosed under paragraph (6)(e) of Section 708A of the
information required Corporations Act.
to be disclosed under
paragraph (6)(e) of
section 708A of the
Corporations Act

For and on behalf of

Earth Heat Resources Ltd

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Mal Lucas-Smith Secretary

15 December 2011

ADJ-015477-7-14-V2