VYSARN LIMITED — Capital/Financing Update 2009

Dec 15, 2009

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MACQUARIE HARBOUR MINING LIMITED ABN 41 124 212 175 PO Box 21 Kingston TASMANIA 7050 Telephone 03 6229 9955 Facsimile 03 6229 8430 www.mhml.com.au

16 December 2009

The Manager Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir

Non-renounceable Rights Issue - Shortfall

Macquarie Harbour Mining Limited ACN 124 212 175 (the Company ) wishes to advise that its recent fully underwritten, non-renounceable rights issue ( Rights Issue ) to existing eligible shareholders closed on 11 December 2009.

The Company has received valid acceptances for 9,298,008 shares and has raised $1,859,601.60. The shortfall under the Rights Issue, being 8,201,992 shares, will be allocated via Sonray Corporate Pty Ltd, the Company's underwriter for the Rights Issue, to raise an additional $1,640,398.40.

In accordance with the previously announced timetable, holding statements for the new Macquarie Harbour Mining Limited shares are expected to be despatched on 17 December 2009 and the new shares are expected to trade on the ASX on 18 December 2009.

The Board wishes to thank shareholders for their continued support of the Company.

If you have any queries in relation to the Rights Issue please contact the Company Secretary on +61 (0)3 6229 9955.

Yours faithfully

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Ben Mead Company Secretary