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REACH RESOURCES LIMITED Capital/Financing Update 2003

Oct 14, 2003

65731_rns_2003-10-14_764aafa7-d1b2-42f8-aceb-71a9d9ab410e.pdf

Capital/Financing Update

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RELEASE FROM ESCROW

ANNOUNCEMENT

15 OCTOBER 2003

The Company advises that on 30 October 2003, 2,527,917 fully paid ordinary shares and 1,263,958 options exercisable at 20 cents each on or before 31 August 2005, will be released from escrow.

The Company will apply to ASX for quotation of the fully paid ordinary shares so released.

Yours sincerely,

Anthony Ho Company Secretary