SUPERIOR RESOURCES LIMITED — Share Issue/Capital Change 2007

Nov 7, 2007

==> picture [162 x 124] intentionally omitted <==

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: manager@superiorresources.com.au

7 November 2007

ASX Limited Level 5 Riverside Centre 123 Eagle Street Brisbane QLD 4000

The Company confirms that:

1. 5,000,000 shares were issued to Dr Leon Pretorious at a price of $0.20 per share on 1 August 2007.

2. 1,000,000 options exercisable at $0.30 on or before 31 December 2010 were issued to Martin Place Securities Ltd on 30 October 2007.

3. The company paid a dividend of $0.075 per share totaling $3,739,251.60 on 18 July 2007.

4. 2,000,000 options exercisable at $0.50 on or before 30 June 2011 were issued to Kenneth James Harvey on 21 September 2007.

5. 1,000,000 options exercisable at $0.50 on or before 30 June 2011 were issued to Elizabeth Valerie Litzow on 21 September 2007.

6. 1,000,000 options exercisable at $0.50 on or before 30 June 2011 were issued to David John Horton on 21 September 2007.

==> picture [85 x 42] intentionally omitted <==

L J Litzow Corporate Secretary