STELLAR RESOURCES LIMITED — Capital/Financing Update 2010

Dec 5, 2010

For release to the market

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

Issuer: Stellar Resources Limited ABN 96 108 758 961

Details of the issue or offer of securities

Class ofsecurities	Ordinary shares
ASXCode ofthe securities	SRZ
Date oftheissue orexpectedissue ofthe securities	6December 2010
Total number of securities issued or expected to be issued	14,000,000 ordinary
	shares

Notice

1. Stellar Resources Limited gives ASX (as the relevant market operator) notice relating to the issue of securities identified above.

2. This notice is given under paragraph 5(e) of section 708A of the Corporations Act 2001 (Cth).

3. Stellar Resources Limited issued the securities identified above without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth).

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

   • (b) section 674 of the Corporations Act 2001 (Cth).

5. There is no excluded information (as defined in section 708A(7) of the Corporations Act 2001 (Cth) as at the date of this notice.

Signed for and on behalf of the Issuer: ……………………………………..

Date: 6 December 2010 Name: Thomas J Burrowes - Director