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SANDFIRE RESOURCES LIMITED Capital/Financing Update 2008

May 1, 2008

65773_rns_2008-05-01_02ca180a-d224-4666-958d-07a7166aa6f8.pdf

Capital/Financing Update

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MARKET RELEASE

2 May 2008

Sandfire Resources NL

TRADING HALT

The securities of Sandfire Resources NL (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 Wednesday, 7 May 2008 or when the announcement is released to the market.

Security Code:

SFR SFRCA

Ben Donovan Senior Advisor (Issuers)

CATRINGEZVE $0.153$ PEC 111 (600) WESTERN AUSTRALIA CO-BOX 1365 TUS (882–1915)
AVEST TELELLARY,
AVESTERN AUSTRALIA

T - 61 B NL LO 563 5 $T = 0.1, T = 2.21, T = 64.3$ Fadrigoviandrov coman.
Vezi studiu soman

Chainment Resources NI

20623-1054 9476

2 May 2008

Ben Donovan Companies Advisor Australian Stock Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

E-mail: [email protected] Fax: 9221 2020

Dear Ben

REQUEST FOR TRADING HALT

Sandfire Resources NL (ASX: SFR) requests a trading halt in its securities effective prior the market opening on Monday, 5 May, pending an announcement to be released regarding a placement of securities in the Company to a significant industry participant.

The Company requests the trading halt until the announcement is released subject to the limit imposed by ASX Listing Rules.

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

Yours sincerely

Í

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JEAN MATHIE COMPANY SECRETARY