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Resolute Mining Limited Capital/Financing Update 2008

Oct 2, 2008

10548_rns_2008-10-02_c7e43940-24a1-49b2-a803-36b98319d49a.pdf

Capital/Financing Update

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MARKET RELEASE

3 October 2008

Resolute Mining Limited

TRADING HALT

The securities of Resolute Mining Limited (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Tuesday, 7 October 2008 or when the announcement is released to the market.

Security Code: RSG Hendrike Koehler Adviser, Issuers (Perth)

3 October 2008

Mr James Rowe State Manager Australian Securities Exchange Exchange Plaza 2 The Esplanade Perth WA 6000

Dear James,

TRADING HALT REQUEST

Pursuant to ASX Listing Rule 17.1, Resolute Mining Limited ("Company") requests a trading halt on its securities effective immediately pending an announcement byt he Company.

The trading halt is being requested in order to finalise a capital raising. It is requested that the trading halt continue until the earlier of two trading days from the date of this letter or when a market release is made by the Company. The trading halt is expected to come to an end when the Company announces details of the proposed capital raising.

The Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully,

GREG FITZGERALD Company Secretary