STELLAR RESOURCES LIMITED — Capital/Financing Update 2006

Sep 24, 2006

25 September 2006

ASX RELEASE

Stellar Resources Limited has been advised by UraniumSA Limited (USA), that the USA IPO closed today. Monday 25 September 2006, one week early with both the Public Offer and the Priority Offer to Stellar Resources and Marathon Resources shareholders oversubscribed. USA further advised that it would be seeking ASX listing in the week commencing 16 October 2006.

Bill Michaelidis Company Secretary

For further information regarding UraniumSA Limited refer to their website at www.uraniumsa.com.au or contact Mr Russel Bluck on 0417 826 213

STELLAR RESOURCES LIMITED

ABN 96 108 758 961

Level 7 Exchange Tower 530 Little Coisns Street Melhourne Victoria 3000 Tel + 61 3 9909 7618 Fax + 61 3 9909 7621