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Sheffield Resources Ltd. Capital/Financing Update 2012

Nov 29, 2012

44780_rns_2012-11-29_902f86b1-d64e-4e00-8534-2fee2938ae25.pdf

Capital/Financing Update

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ACN 125 811 083

14 Prowse Street ,West Perth, Western Australia 6005 t: +61 8 6424 8440 f: +61 8 9321 1710 w: sheffieldresources.com.au e: [email protected]

30 November 2012

The Manager Company Announcement Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

By e-lodgement

Dear Sirs

SECURITIES TO BE RELEASED FROM ESCROW

In accordance with Listing Rule 3.10A, Sheffield Resources Limited advises that the following securities will be released from escrow on 15 December 2012.

  1. 14,625,000 ordinary fully paid shares (held by Directors of the Company);

  2. 7,312,500 unlisted options expiring 30 June 2013 exercisable at $0.20 each (held by Directors of the Company); and

  3. 3,000,000 unlisted options expiring 30 November 2013 exercisable at $0.30 each (held by IPO brokers and/or their nominees).

An Appendix 3B applying for quotation of the above ordinary shares will be released in due course as required under Listing Rule 2.8.2.

Yours faithfully

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WILL BURBURY

Executive Chairman