STELLAR RESOURCES LIMITED — Capital/Financing Update 2007

May 7, 2007

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

ISSUEF: Stellar Resources Limited ABN 96 108 758 961

Details of the issue or offer of securities

Class of securities	Fully Paid Ordinary shares(Ordinary Shares)
ASX Code of the securities	-SRZ.
Date of the issue or expected issue of the securities	8 May 2007
Total number of securities issued or expected to be issued 8,400,000 Ordinary Shares

Notice

• Stellar Resources Limited gives ASX (as the relevant market operator) notice relating to 1. the issue of the securities identified above.
• $\overline{2}$ . This notice is given under paragraph 5(e) of section 708A of the Corporations Act 2001 $(Ch).$
• Stellar Resources Limited issued the securities identified above without disclosure to 3. investors under Part 6D.2 of the Corporations Act 2001 (Cth).
• $\overline{4}$ . As at the date of this notice, Stellar Resources Limited has complied with:
  • $(a)$ the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to it; and
  • section 674 of the Corporations Act 2001 (Cth). $(b)$
• 1. There is no excluded information (as defined in section 708A(7) of the Corporations $Act 2001$ (Cth)) as at the date of this notice.

Hunder

Signed for and on behalf of the Issuer:

Position held: Company Secretary

Date: 8 May 2007

Name: Bill Michaelidis