RIEDEL RESOURCES LIMITED — Capital/Financing Update 2011

Aug 11, 2011

ASX ANNOUNCEMENT

12 August 2011

Completion of Cheritons East Tenement Disposal

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COMPANY DIRECTORS Mr Ian Tchacos Non-Executive Chairman

Mr Bruce Franzen Executive Director

Mr Jeffrey Moore Managing Director

The Directors of Riedel Resources Limited ( Riedel ) are pleased to advise that Riedel’s wholly owned subsidiary, AuDAX Minerals Pty Ltd ( ADXM ), has completed the agreement ( Agreement ) previously announced on 13 April, 2011, for the disposal of a 100% interest in the Cheritons East Tenement EL77/1223 ( Tenement ) to Silverstone Minerals Pty Ltd ( Purchaser ), a wholly owned subsidiary of Silver Stone Resources Limited ( Silver Stone ).

(See Figure 1 for project location)

Material Agreement Terms

The Agreement was conditional upon ASX granting Silver Stone conditional approval to be admitted to the Official List of ASX, subject only to completion of the Agreement occurring and the satisfaction of such other conditions as may reasonably be within Silver Stone’s control.

The purchase consideration comprised:

(a) the issue to Riedel at completion of the Agreement of 500,000 fully paid ordinary shares in the capital of Silver Stone (ASX Code: SSZ) ; and

• (b) $100,000 cash (plus any applicable GST); and

Mr Andrew Childs Non-Executive Director

Mr Wolfgang Zimmer Non-Executive Director

COMPANY SECRETARY

Mr Bruce Franzen

CONTACT DETAILS Principal & Registered Office Suite 1 45 Ord Street West Perth WA 6005 Australia

Postal Address PO Box 1559, West Perth WA 6872

Website www.riedelresources.com.au

Email admin@riedelresources.com.au

Phone +61 8 9226 0866

Facsimile +61 8 9486 7375

ABN:91 143 042 022 ASX CODE: RIE, RIEO

(c) $10,000 for costs incurred by ADXM in respect of the Tenement.

The Agreement has now been completed, and Silver Stone hold a 100% interest in EL77/1223, known as Cheritons East.

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Figure 1: Riedel Resources Project Locations

For further information please contact:

Bruce Franzen Jeffrey Moore Executive Director Managing Director Riedel Resources Limited Riedel Resources Limited Tel: 61 8 9226 0866 Tel: 61 8 9226 0866 Email: bruce.franzen@riedelresources.com.au Email: j.moore@riedelresources.com.au

About Riedel Resources Limited

Riedel Resources Limited is an Australian Based exploration Company established to explore for and develop gold and base metals mineralisation in Western Australia. The Company was incorporated on 9 April 2010 as a public company for the purpose of acquiring a portfolio of highly prospective exploration projects located in Western Australia from ADX Energy Limited (formerly AuDAX Resources Limited). Riedel successfully listed on the ASX on 31 January 2011.

Further information can be found on Riedel Resources at the Company’s website www.riedelresources.com.au .

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