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RIEDEL RESOURCES LIMITED Capital/Financing Update 2012

Jul 30, 2012

65702_rns_2012-07-30_3aa4681c-dfe5-4d24-8c7f-3f97354600ca.pdf

Capital/Financing Update

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MARKET RELEASE

31 July 2012

Riedel Resources Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Riedel Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

Security Code: RIE RIEO

Jill Hewitt Senior Adviser Listings (Perth)

Suite 1, 45 Ord Street West Perth WA 6005 Australia

Tel: +61 8 9226 0866 Fax: +61 8 9486 7375

PO Box 1559, West Perth WA 6872 Australia

www.riedelresources.com.au

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

31 July 2012

Adviser Listings Perth ASX Compliance Pty Ltd Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam,

Request for Voluntary Suspension

Riedel Resources Limited ("Riedel") requests that the Company's securities be placed into voluntary suspension, effective immediately, pursuant to ASX Listing Rule 17.2, pending the release of an announcement regarding a proposed capital raising.

Riedel is not aware of any reason why a voluntary suspension should not be granted.

Riedel requests that the voluntary suspension remain in place from receipt of this request until the release of the capital raising announcement, and in any case, no later than the commencement of trading on Thursday 2 August 2012.

Yours faithfully, Riedel Resources Limited

Bruce Franzen Executive Director