REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2011

May 8, 2011

GRP CORPORATION LIMITED

(FORMERLY GREAT PACIFIC CAPITAL LIMITED)

ACN 096 781 716

LEVEL 2, SPECTRUM, 100 RAILWAY ROAD, SUBIACO, WA 6008 PO BOX 8281, SUBIACO, WA 6904 TELEPHONE: (08) 9367 8133 FACSIMILE: (08) 9367 8812

06 May 2011 GRPOC0R\C014

Notice given under Section 708A(5) of the Corporations Act

This notice is given by the Company under section 708A(5)(e) of the Corporations Act in relation to an issue of 4,000,000 Fully Paid Ordinary Shares by the Company without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this Notice, the Company has complied with:

• (a) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) Section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no information that:

• (a) Has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• (b) Investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

  • the rights and liabilities attaching to fully paid ordinary shares

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

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Mark Rowbottam Director