TALONX RESOURCES LIMITED — Capital/Financing Update 2005

Sep 5, 2005

MOUNT BURGESS MINING N.L.

ACN: 009 067 476

Level 4, 109 St Georges Terrace, Perth, Western Australia, 6000 PO Box Z5301, St Georges Terrace, Perth, Western Australia, 6831 Telephone: (618) 9322 6311 Email: mtb@mountburgess.com Facsimile: (61 8) 9322 4607 Website: www.mountburgess.com

Our Ref: ASX2005 Announcements

5 September 2005

The Australian Stock Exchange Limited Company Announcements Office 10th Floor 20 Bond Street Sydney NSW Australia

Dear Sir,

The Company is pleased to announce that it has reached agreements to place 7,000,000 shares at an issue price of \$0.10 per share to raise \$700,000.

Funds from the placement will be applied to geophysical programmes and drilling on the Company's diamond and base metals projects in Namibia and Botswana and also to working capital.

Yours faithfully,

Nigel Forrester Managing Director