RAIDEN RESOURCES LIMITED — Share Issue/Capital Change 2009

Jun 30, 2009

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S.H.E.L.L.

VILLAGES & RESORTS

LETTER TO SHAREHOLDERS

30 JUNE 2009

RE: CANCELLATION OF SHARES

Dear shareholder,

The Company wishes to advise that it has cancelled 18,931,274 shares to rectify breaches under listing rules 7.1 and 10.11.

The Company has exceeded its capacity to issue equity securities without security holder approver under listing rule 7.1 by 16,757,815 equity securities.

Furthermore, as shareholder approval was not obtained for the issue of the Shares to the Directors, it appears that the Company has breached listing rule 10.11.

Yours Faithfully

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BORIS PATKIN

DIRECTOR

Po Box 1100 Fax: 02 4732 2223 Po Box 494 Tel: 07 3381 9647 Penrith NSW 2751 Tel: 1800 11 99 44 Redbank QLD 4301 Fax: 07 3381 9637