UNION STAR METALS LTD — Capital/Financing Update 2011

Jun 23, 2011

==> picture [334 x 105] intentionally omitted <==

Friday, 24 June 2011

Australian Securities Exchange Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

EXTENSION OF THE CLOSING DATE OF OFFER TO 8 JULY 2011

The Company advises that the closing date for the acceptance of applications under the prospectus dated 24 May 2011 and the supplementary prospectus dated 2 June 2011 to raise up to $12,000,000 has been extended to 8 July 2011 or such later date the Company may advise .

Please contact Ananda Kathiravelu, Executive Director, for further details.

Yours sincerely,

==> picture [97 x 40] intentionally omitted <==

Philip Re Company Secretary

Promesa Limited ABN 36 124 541 466 www.promesa.com.au Level 28, 140 St Georges Tce, Perth WA 6000 / PO Box 994, Subiaco WA 6904 Phone: 08 9278 2766 fax: 08 9278 2525