STELLAR RESOURCES LIMITED — Capital/Financing Update 2005

Oct 18, 2005

GFDDH03

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Indon-Artisti

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6.445.000

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2005.

19 October 2005

site assessment of the geological information from this hole will be used in the siting of an additional diamond drill hole to test the Induced Polarisation "Footwall" target zone.

ASX Code: SRZ

ABN 96 108 758 961 Suite 713 Exchange Tower 530 Little Collins Street Melbourne Victoria 3000 Australia

Telephone +61 3 9909 7618 Facsimile +61 3 9909 7621

www.stellarresources.com.au srzinfo@stellarresources.com.au The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr. C.G. Anderson (Fellow of the Australasian Institute of Mining and Metallurgy) who is a Director of the Company with more than twenty years experience in the field of activity being reported. Mr. Anderson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. It

should be noted that the abovementioned exploration results are preliminary.

For further details please contact: Chris Anderson - Tel: (08) 8363 1589 or David Sasson - Mob: 0411 468 966 E-mail: chris.anderson@stellarresources.com.au or david.sasson@stellarresorces.com.au or visit our Website at: www.stellarresources.com.au

Goldfinger Drilling - Progress Report

the ASX Release of 26 September 2005.

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$-100$

$-200$ ā

$-300$

$-406$

$-500$

dispatched for sample preparation and assay.

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COTWAL

Drilling of the second diamond drill hole into the Goldfinger Prospect, located 20 kilometres south of Broken Hill in NSW, commenced on 27 September

The diamond drill hole (GFDDH03), which has a designed length of 600 metres, is currently at 380 metres and drilling is proceeding as foreshadowed in

: : : : : :
Fold
Musis

NORTH -

Section showing design and current position of the Goldfinger DDH03

The rate of progress is slower than expected due to a combination of difficult

drilling conditions and inclement weather. At current rates the drill hole is expected to be completed within the next two weeks and the resulting drill core

Complete assay results from this drill hole are expected by late November . On-

6444.800