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SUPERIOR RESOURCES LIMITED Capital/Financing Update 2011

Jan 3, 2011

65848_rns_2011-01-03_a82dd583-8474-4753-bf70-54fe23d4922b.pdf

Capital/Financing Update

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Superior Resources Limited

ABN 72 112 844 407

Registered Office: Level 2, 87 Wickham Terrace, Spring Hill, QUEENSLAND, 4000. Postal Address: PO Box 10288, Brisbane Adelaide Street, QUEENSLAND, 4000. Telephone: 07 3839 5099 Facsimile: 07 3832 5300 Email: [email protected]

4 January 2011

The Manager Company Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

EXPIRY OF UNLISTED OPTIONS

Superior Resources Limited (ASX:SPQ) advises that 1,000,000 unlisted options which were exercisable at 30 cents expired on 31 December 2010.

Following the expiry of these options Superior has 8,600,000 remaining unlisted options exercisable at 50 cents by 30 June 2011.

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Ken Harvey Managing Director

Contact: Ken Harvey Ph (07) 3839 5099

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