SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2006

Feb 20, 2006

T 461 8 9226 5833 F +61 8 9226 5844 Cadmini Sandiirs.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

FORTHCOMING RELEASE OF RESTRICTED SECURITIES

As required by ASX Listing Rule 3.10A, the Company wishes to advise the market that the following securities will become unrestricted with effect 4 March 2006;

1)	Fully paid ordinary shares	13,750,000

$2)$ Contributing shares paid to \$.001 cent 4,000,000

Application will be made to the ASX to have these shares listed

Mal Smartt Company Secretary 21 February 2006