SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2005

Sep 15, 2005

12 WALKER AVENUE www.sandfire.com.au

16 September 2005

No. of pages lodged: 1

Company Announcements Office Australian Stock Exchange Limited 4th Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

SHARE STRUCTURE CORRECTION

Please note that the Announcement made earlier this day had incorrect share details. The correct details are:

Issued Capital

As at 16 September 2005 the issued capital of the company is comprised of:

• 39,015,000 fp shares (25.3m listed and 13.7m restricted) ٠
• 4,663,000 contributing shares with $0.15 to pay, no call before 3 Mar 07 ٠
• 12,641,420 30 Sep 05 $0.10 opts to acquire contributing shares ۰
• 3m 31 Dec 08 $0.25 opts $\bullet$

Yours faithfully SANDFIRE RESOURCES NL

MALCOLM K SMARTT Company Secretary

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