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PROSPECT RESOURCES LIMITED Share Issue/Capital Change 2012

May 27, 2012

65617_rns_2012-05-27_2b1f149b-395e-407b-8cb0-41d912321d17.pdf

Share Issue/Capital Change

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==> picture [245 x 36] intentionally omitted <==

28 May 2012

The Manager Company Announcements Australian Securities Exchange Level 5, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

ASX Code: PSC

Pursuant to Listing Rule 3.10A, Prospect Resources Limited hereby notifies you that 10,500,000 fully paid ordinary shares have been released from escrow.

Please find the Appendix 3B attached to apply for quotation of the 10,500,000 fully paid ordinary shares.

For further information, please contact Mr Andrew Whitten.

Tel: (02) 8072 1425 Fax: (02) 9283 1970 Email: [email protected]

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]