SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2006

Jun 29, 2006

EVENTINOR AVE WEST PERTH 6005 WESTERN AUSTRALIA

T +61 8 9226 5833 F +61 8 9226 5844 Cadminizandlite.com.au

No. of pages lodged: 1

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

Dear Sir/Madam

NOTICE UNDER SECTION 708A(6) OF THE CORPORATIONS ACT

The Company has allotted;

• $(1)$ 4,002,929 ordinary fully paid shares pursuant to the Share Purchase Plan dated 30 May 2006.
• $(2)$ 4,282,371 fully paid shares to institutional and sophisticated investor clients of Argonaut Capital Limited pursuant to an Underwriting Agreement dated 31 May 2006.

For the purposes of section 708A of the Corporations Act 2001 (Cth) ("Act") the Company has allotted the shares referred to above without disclosure under Part 6D.2 of the Act, and provides this notice in accordance with section 708A(5)(e). At the date of this notice, the Company has complied with the provisions of Chapter 2M and section 674 of the Act as they apply to the Company. In addition, at the date of this notice there is no 'excluded information' (as defined by section 708A(7) and (8) of the Act), required to be disclosed by the Company.

Mal Smartt Company Secretary 30 June 2006