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XREF LIMITED Capital/Financing Update 2011

Feb 6, 2011

66097_rns_2011-02-06_29fbce43-b7a9-47ba-af96-427dd8d89643.pdf

Capital/Financing Update

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MARKET RELEASE

7 February 2011

King Solomon Mines Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of King Solomon Mines Limited (the “Company”) will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement in respect of a possible capital raising.

Security Code: KSO

Joel Farina Senior Adviser, Listings (Sydney)

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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

7 February 2011

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 Tuesday 8 February 2011 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