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SUNSTONE METALS LTD Share Issue/Capital Change 2010

Jan 31, 2010

65870_rns_2010-01-31_2f368b5f-4255-4a54-a734-55e7bb2a1c66.pdf

Share Issue/Capital Change

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ASX Release 1 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 31 January 2010 unexercised:

PO Box 165 West Perth WA 6872

Number Exercise Price Expiry Date 800,000 20 cents 31 January 2010 1,075,000 40 cents 31 January 2010 125,000 25 cents 31 January 2010

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

Email:

[email protected] Web: www.avalonminerals.com.au

The following options remain on issue:

ASX Code: AVI

Number Exercise Price Expiry Date 3,900,000 20 cents 10 February 2010 100,000 20 cents 31 July 2011 300,000 30 cents 31 July 2011

– 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)