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SUPERIOR RESOURCES LIMITED Capital/Financing Update 2007

Nov 7, 2007

65848_rns_2007-11-07_1fe02a11-febc-45af-83ef-069854e5698f.pdf

Capital/Financing Update

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Link Market Services Limited Level 12 ABN 54 083 214 537 300 Queen Street AFS Licence No. 230895 Brisbane QLD 4000 Australia

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7[th] November 2007

Mr.Lawrence Litzow Company Secretary Superior Resources Limited Level 2, 87 Wickham Street Spring Hill Queensland 4000

Superior Resources Limited - Escrow Securities

In accordance with the terms and conditions of the offer, we confirm that the securities classified as restricted under the ASX listing requirements will be held on the Issuer subregister subject to a holding lock.

Date
escrow Number of Mandatory Total
Security ceases shareholders escrows Securities
SPQESC24 12/11/2009 11 9,535,004 9,535,004
SPQOPT10 12/11/2009 1 1,000,000 1,000,000
SPQOPT11 12/11/2009 3 8,000,000 8,000,000

Such ASX escrowed securities will be not be released for trade without prior written consent from the ASX.

Yours sincerely

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Vaasa Afa Manager, Capital Markets Brisbane Direct Line: 07 3320 2228

Telephone 07 3220 2228 – Facsimile 07 3228 4999 – www.linkmarketservices.com.au