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PILOT ENERGY LIMITED Capital/Financing Update 2012

Dec 5, 2012

65558_rns_2012-12-05_918580da-27d2-462e-ab4e-4d9e18454ddf.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: 6December 2012
Number Issued: 110,000,000
Issue Price per Security: Issued at $0.002 each as per the placementannouncement made on 3/12/2012

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 informationwhich is excludedinformation requiredto be disclosed underparagraph (6)(e) ofsection 708A of theCorporations Act The Company is not possessed of any information required tobe disclosed under paragraph (6)(e) of Section 708A of theCorporations Act.

For and on behalf of Earth Heat Resources Ltd

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Mal Lucas-Smith Secretary

6 December 2012

ADJ-015477-7-14-V2