SUNSTONE METALS LTD — Capital/Financing Update 2010

Feb 10, 2010

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ASX Release 11 February 2010

EMPLOYEE OPTIONS EXPIRE

Avalon Minerals Ltd (ASX:AVI)

Avalon Minerals Ltd ACN 123 184 412

We wish to advise that the following options have expired on 10 February 2010 unexercised:

PO Box 165 West Perth WA 6872

Number Exercise Price Expiry Date 3,900,000 20 cents 10 February 2010

Telephone: +61 8 9322 2752 Mobile: 0439 399 318

The following options remain on issue:

Number Exercise Price Expiry Date 100,000 20 cents 31 July 2011 300,000 30 cents 31 July 2011

Email:

david@avalonminerals.com.au Web: www.avalonminerals.com.au

ASX Code: AVI

– ENDS –

Directors David McSweeney (Managing Director & CEO) Tan Sri Abu Sahid Mohamed (Non-Executive Director) Stephen Stone (Non-Executive Director)

Gary Steinepreis (Non- Executive Director)