STELLAR RESOURCES LIMITED — Capital/Financing Update 2012

Feb 5, 2012

6 February 2012

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ASX RELEASE

Notice under Section 708AA(2)(f) of the Corporations Act

Stellar Resources Limited ABN 96 108 758 961 ( Company ) has today announced a nonrenounceable pro rata entitlement offer ( Rights Issue ) of one (1) fully paid ordinary share ( New Shares ) for every 6 ordinary shares in the Company held as at 14 February 2012.

This Notice is given by the Company under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Act ) as modified by Australian Securities and Investments Commission Class Order 08/35 ( CO 08/35 ).

The Company confirms that:

1. the New Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Act;

2. this Notice is being given under section 708AA(2)(f) of the Act (as modified by CO 08/35);

3. as at the date of this Notice, the Company has complied with:

   • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (ii) section 674 of the Act;

4. as at the date of this Notice, there is no excluded information of the type referred to in sections 708AA(8) and 708AA(9) of the Act which is required by section 708AA(7)(d) of the Act to be set out in this Notice; and

5. it is not expected that the Rights Issue will have any effect, or potential effect, on the control of the Company, and therefore there are no consequences of any such effect.

For further information please contact:

Christina R Kemp Company Secretary chris.kemp@stellarresources.com.au

STELLAR RESOURCES LIMITED

ABN 96 108 758 961 Level 17 530 Collins Street Melbourne Victoria 3000 Australia Tel +61 3 9618 2540 Fax +61 3 9649 7200

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