RIEDEL RESOURCES LIMITED — Share Issue/Capital Change 2011

Jan 26, 2011

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Companies Announcement Office Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

20 January 2011

Suite 6, Level 2 11 Ventnor Avenue West Perth WA 6005 Australia

Tel: +61 8 9226 0866 Fax: +61 8 9226 5333 PO Box 913, West Perth WA 6872 Australia www.riedelresources.com.au ABN: 91143 042 022 ASX: RIE

CONFIRMATION OF ISSUE OF SHARES

Riedel Resources Limited (the Company ) confirms the issue of 600,000 ordinary fully paid shares to Mr Bruce Franzen, the nominee of Zen Magnolia Pty Ltd pursuant to an Advisory Mandate between the Company and Zen Magnolia Pty Ltd.

Yours faithfully,

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Bruce Franzen Executive Director

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