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XREF LIMITED Capital/Financing Update 2011

Feb 2, 2011

66097_rns_2011-02-02_ea859d20-51f8-49c0-847c-64fb48a66e12.pdf

Capital/Financing Update

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MARKET RELEASE

3 February 2011

King Solomon Mines Limited

TRADING HALT

The securities of King Solomon Mines Limited (the “Company”) will be placed in preopen at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 7 February 2011 or when the announcement is released to the market.

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

3 February 2011

Mr J Farina Senior Adviser Issuers Department Australian Securities Exchange Limited

Dear Joel

Request for Trading Halt

I refer to our telephone conversation and hereby apply for a trading halt on the Company’s traded securities under Listing Rule 17.1 for a period of up to two days 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 7 February 2011 to end the trading halt. The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely

King Solomon Mines Limited

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Stephen McPhail

Managing Director