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SUNSTONE METALS LTD Capital/Financing Update 2011

Aug 2, 2011

65870_rns_2011-08-02_c341abe5-9612-46d1-b991-935c3d307c96.pdf

Capital/Financing Update

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MARKET RELEASE

3 August 2011

Avalon Minerals Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Avalon Minerals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

Security Code: AVI

Jill Hewitt Senior Adviser Listings (Perth)

NO.218 $P.2/2$

Level 2, 91 Havelock St West Perth WA 6005 PO Box 165 West Perth WA 6872 Tel: + 61 8 9322 2752 Fax: + 61 8 9322 2827

3 August 2011

The Manager - Companies Australian Stock Exchange Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

By Fax: 08 9221 2020

REQUEST FOR VOLUNTARY SUSPENSION

Dear Sir

Following the Company's request for a trading halt on 1 August and pursuant to ASX Listing Rule 17.2, the Company requests that its securities be placed in voluntary suspension pending the finalisation and release of an announcement in regard to its previously announced capital raising proposal. The Company expects to make this announcement before the opening of trade on Tuesday 9 August.

The Company is not aware of any reasons as to why this request should not be granted.

Yours sincerely Avalon Minerals Ltd

$\int_{\mathbb{R}} f(x) dx$

Paul Bridson Company Secretary