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XREF LIMITED Capital/Financing Update 2010

Nov 11, 2010

66097_rns_2010-11-11_0de11413-1e36-44ca-96e4-e6f2aa96db88.pdf

Capital/Financing Update

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King Solomon Mines Limited

ARBN 122 404 666 Unit 31, 2 Bishop Dunn Place East Tamaki, Manukau 2013, New Zealand Office (within Australia): 1 800 061 569 (outside Australia): +64 4 905 9608 Fax: +64 4 905 9607 [email protected] www.kingsolomonmines.com

12 November 2010

Mr J Farina Senior Adviser Issuers Department Australian Securities Exchange Limited

Dear Joel

Request for Suspension

I refer to our telephone conversation and hereby request for a suspension in trading on the Company’s traded securities under Listing Rule 17.2 pending an announcement to the market concerning a capital raising. The Company expects to make an announcement concerning the capital raising before trading commences on Monday 15 November 2010 to end the suspension. The Company is not aware of any reason why the suspension should not be granted.

Yours sincerely King Solomon Mines Limited

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Stephen McPhail Managing Director