WEEBIT NANO LTD — Capital/Financing Update 2010

Dec 20, 2010

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21 December 2010

Centralised Company Announcements Platform, Australian Stock Exchange 10th Floor, 20 Bond Street Sydney NSW 2000

RADAR IRON PRESS RELEASE - RADAR IRON LISTING

Radar Iron Ltd (“Radar Iron” or the “Company”) was admitted to the Official List of ASX Limited on Friday 17 December 2010. Official Quotation of the securities commenced at 1:00pm AEDT (10:00 am WST) today, Tuesday 21 December 2010.

The ASX code for Radar Iron is RAD.

Radar Iron is a Western Australian focussed hematite and magnetite iron ore explorer. The IPO closed with Radar Iron’s 495 new shareholders investing $6.8M, significantly more than the $6 million target.

The Company was encouraged during the promotion of this IPO by the level of interest and support we received from Australian and regional investors, including those in Asia.

The Board of Radar Iron takes this opportunity to welcome all shareholders to the Company and to thank all for their support during the past few months.

Yours faithfully,

For or on behalf of Radar Iron Ltd

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Jonathan Lea

Managing Director

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