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PROSPECT RESOURCES LIMITED Capital/Financing Update 2013

Jul 10, 2013

65617_rns_2013-07-10_95e788de-e04b-42ef-a650-84e016131917.pdf

Capital/Financing Update

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MARKET RELEASE

11 July 2013

Prospect Resources Limited

TRADING HALT

The securities of Prospect Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday 15 July 2013 or when the announcement is released to the market.

Security Code:

PSC

Tonia Oliveira Senior Adviser, Listings Compliance (Perth)

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11 July 2013

Tonia Oliveira Senior Adviser ASX Compliance Pty Limited Level 8 Exchange Plaza, 2 The Esplanade Perth WA 6000

By Email: [email protected]

Dear Madam,

Request for Trading Halt (ASX Code: PSC)

Pursuant to Listing Rule 17.1, Prospect Resources Limited (the “Company”) formally requests a trading halt on the company’s securities pending the release of an announcement in relation to a capital raising and a material acquisition.

The Company requests that the company securities be placed in a trading halt until the earlier of 10am Monday, 15 July 2013 or when the announcement is released to the market.

The Company is not aware of any reason why the trading halt should not be granted.

For further information, please contact Mr Andrew Whitten on 612 8072 1425.

Yours faithfully Prospect Resources Limited

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Andrew Whitten Company Secretary

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006 Website: prospectresources.com.au | Email: [email protected]

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Prospect Resources Limited | ACN 124 354 329 Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]