SUREFIRE RESOURCES NL — Capital/Financing Update 2010

Oct 13, 2010

14 October 2010

SHARE PLACEMENT TO SOPHISTICATED INVESTORS

Black Ridge Mining NL (BRD) is pleased to announce that it has agreed to place to various sophisticated investors, 137,000,000 shares at an issue price of $0.0074 cents per share to raise $1,013,800 before costs of the issue.

100,000,000 of the shares are being issued pursuant to the approval granted by shareholders at the General Meeting of the Company held on 23[rd] August 2010.

In addition, a further 37,000,000 shares are to be issued under the 15% capacity available to the Company in accordance with ASX Listing Rule 7.1.

Patersons Securities Limited has placed 50,000,000 of the shares to its sophisticated clients. The Company thanks Patersons for its support.

The funds raised from the issue will be applied to ongoing exploration and evaluation programmes, evaluation and acquisition of new opportunities, corporate and administrative activities and working capital and the costs of the issue.

The Company anticipates proceeding to allot the shares on Friday 16[th] October 2010. Application will be made for quotation of the securities on ASX.

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David Semmens

Company Secretary