STELLAR RESOURCES LIMITED

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MARKET RELEASE

26 November 2010

TRADING HALT

The securities of Stellar Resources Limited (the “Company”) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Tuesday, 30 November 2010 or when the announcement is released to the market.

Security Code:

SRZ

Darren Collins Senior Adviser, Listings and Accounting Policy

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Mr Darren Collins Senior Adviser Australian Securities Exchange Level 45, South Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

By e-mail: [email protected]

Dear Darren,

REQUEST FOR TRADING HALT

I refer to our telephone conversation earlier today.

I hereby confirm that Stellar Resources Limited (“SRZ”) seeks a trading halt under ASX Listing Rule 17.1 commencing at 10.00am today, 26 November 2010.

As mentioned, SRZ is seeking a trading halt in order to conduct a material placement of ordinary shares in the company. It has entered into an agreement pursuant to which Taylor Collison will act as agent to complete a best efforts private placement. The net proceeds of the offering are to be used to advance the company’s Heemskirk Tin Project and tin exploration in Tasmania and to provide working capital.

SRZ seeks a trading halt until opening of trading on Tuesday, 30 November 2010. At that time, the company is confident of being able to make an announcement to ASX regarding the outcome of the placement. However, in the event that the placement process is successfully concluded in a shorter period, SRZ will immediately advise ASX accordingly and would seek the lifting of the trading halt at that time.

SRZ is not aware of any reason why the trading halt should not be granted by ASX.

The company believes that the market is fully informed of the rationale for the raising in light of the flow of releases to the market made by it and, accordingly, does not consider that there is any additional information which needs to be disclosed at this point.

If you have any queries, please contact the writer.

Yours sincerely,

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