QX RESOURCES LIMITED — Capital/Financing Update 2011

Feb 14, 2011

No:

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ASX Circular

Date: 15 February 2011

COMMENCEMENT OF OFFICIAL QUOTATION – BLACK MOUNTAIN RESOURCES LIMITED

Black Mountain Resources Limited (the “Company”) was admitted to the official list of the ASX Limited on Tuesday 15 February 2011.

Key topics

1. Black Mountain Resources Limited

2. ASX Code: BMZ

3. Quotation Commences: 11:45am EDST (8:45am WST) on 17 February 2011

Reading List

Banks Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers Institutions Listing Officers ASX Settlement Participants Operations Managers (back office) Share Registries ASX Clear Participants Market Participants

Authorised by

Tonia Oliveira

[Contact ] Tonia Oliveira

Telephone (08) 9224 0000

Official quotation of the Company’s securities will commence at 11:45 am EDST (8:45 am WST) on Thursday 17 February 2011.

Quoted Securities: 19,625,001 fully paid ordinary shares ASX Code: BMZ Time: 11:45 am EDST (8:45 am WST) Date: 17 February 2011 ITS Abbreviation: BLACKMOUNT ISIN: AU000000BMZ3 Home Branch: Perth Industry Classification: 1510 Materials Registered Office: 945 Wellington Street WEST PERTH WA 6005

Phone: 08 9322 7600 Fax: 08 9322 7602 Web address: www.blackmountainresources.com.au

Company Secretary: Ms Rebecca Sandford Share Registry: Computershare Investor Services Level 2, Reserve Bank Building 45 St Georges Tce PERTH WA 6000

Underwriters to the issue: N/A

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

Balance Date: 30 June

Participating. The Company will also operate an issuer sponsored subregister.

CHESS:

State of Incorporation: Western Australia

Refer to page 88 of the Company’s replacement prospectus dated 14 December 2010.

Dividend Policy:

Uranium, gold and base metals exploration in Western Australia.

Activities:

ASX Circular

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No:

Restricted Securities

2,475,000 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

2,000,000 options exercisable at $0.30 on or before 14 November 2015, classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

5,400,000 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue being 22 November 2010.

312,500 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue being 9 February 2011.

Securities not quoted:

N/A

ASX Contact:	Tonia Oliveira
Business Unit	Listings Perth
Ext.No:	6029
Date:	15 February 2011

ASX Circular

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