UNION STAR METALS LTD — Capital/Financing Update 2011

Aug 15, 2011

ACN 124 541 466 ABN 36 124 541 466

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ASX Announcement: 11 August 2011

Pre-Quotation Disclosure

Statement setting out the number of securities subject to escrow and the escrow period applied to those securities

FULLY PAID ORDINARY SHARES NOT QUOTED ON ASX.

Name of Holder	Number of Securities	Date of Issue	Restriction Period
Mineroil Energy SAC	20,000,000	31 January 2011	The following securities not be quoted and be classified as restricted securities for a period of 12 months from the date of issue of the securities of the Company
Grupo Pegasus SA	20,000,000	31 January 2011	The following securities not be quoted and be classified as restricted securities for a period of 12 months from the date of issue of the securities of the Company

OPTIONS NOT QUOTED ON ASX (OPTIONS EXERCISABLE AT $0.20 EACH ON OR BEFORE 31 JANUARY 2013)

Name of Holder	Number of Securities	Date of Issue	Restriction Period
Mineroil Energy SAC	10,000,000	31 January 2011	The following securities not be quoted and be classified as restricted securities for a period of 12 months from the date of issue of the securities of the Company
Grupo Pegasus SA	10,000,000	31 January 2011	The following securities not be quoted and be classified as restricted securities for a period of 12 months from the date of issue of the securities of the Company
Caldwell Management AG	20,000,000	31 January 2011	The following securities not be quoted and be classified as restricted securities for a period of 24 months from the date of reinstatement of the securities of the Company.

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