STELLAR RESOURCES LIMITED — Share Issue/Capital Change 2009

Feb 26, 2009

For release to the market

Notice in accordance with an exemption from the Corporations Act 2001 (Cth)

Issuer: Stellar Resources Limited ACN 108 758 961

Details of the issue or offer of securities

Details of the issue or offer of securities
Class of securities	Ordinary Shares
ASX Code of the securities	SRZ
Date of the expected issue of the securities	1 April 2009
Total number of securities expected to be issued	Up to 25,510,307 Ordinary Shares

Notice

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

2. This notice is given in accordance with an exemption from certain provisions of the Corporations Act 2001 (Cth) granted to Stellar Resources Limited by ASIC on 23 February 2009.

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

• 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).

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.

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

Date: 27 February 2009 Name: Melvyn Drummond Position held: Company Secretary

090024SRL.doc