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PROSPECT RESOURCES LIMITED Share Issue/Capital Change 2010

Mar 30, 2010

65617_rns_2010-03-30_ea8d4abb-7997-486f-b43b-b44f69a5e3b3.pdf

Share Issue/Capital Change

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31 March 2010

Company Announcements Office ASX Limited

RELEASE OF ESCROWED SECURITIES

Pursuant to Listing Rule 3.10A, Ethan Minerals Limited hereby notifies you that 550,000 fully paid ordinary shares have been released from escrow on 30 March 2010.

The Company will be applying for quotation of the 550,000 fully paid ordinary shares.

Yours sincerely,

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LEONARD MATH Company Secretary

ETHAN MINERALS Limited ACN 124 354 329

T: +61 8 9472 5502 F: +61 8 9362 2805 E: [email protected]

Suite 24, 443 Albany Highway Victoria Park WA 6100 Australia