SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2006

Feb 20, 2006

EVENTINOR AVE WEST PERTH 6005 WESTERN AUSTRALIA $\begin{array}{ll} 1.461 & 8.9226 & 5833 \ 5.461 & 8.9226 & 5844 \end{array}$ Cadmin@sandline.com.su

No. of pages lodged: 1

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

Dear Sir/Madam

FORTHCOMING RELEASE OF RESTRICTED SECURITIES

As required by ASX Listing Rule 3.10A, the Company wishes to advise the market that 3,000,000 Options exercisable at 25 cents each or before 31 December 2008 will become unrestricted with effect 4 March 2006

Mal Smartt Company Secretary 21 February 2006