XSTATE RESOURCES LIMITED — Capital/Financing Update 2011

Nov 29, 2011

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XState Resources Limited ABN 96 009 217 154

Registered office Postal address 41 Stirling Highway PO Box 985 Nedlands WA 6009 Nedlands WA 6909 Tel: +61 8 9423 3200 Website Fax: +61 8 9389 8327 www.xstate.com.au

30 NOVEMBER 2011

ASX Limited

Electronic lodgement

EXTENSION OF SHARE PURCHASE PLAN CLOSING DATE

XState Resources Limited wishes to advise that due to market conditions it has extended the date for receipt of applications under the current Share Purchase Plan (“SPP”) to 5 pm (WST) Wednesday 14 December 2011.

Under the SPP, shareholders on the register at the Record Date of 7 November 2011 may apply for up to $ 15,000 worth of Xstate Resources Limited shares at an issue price of 6.3 cents per share.

Eligible shareholders are encouraged to get their applications in as soon as possible.

For and on behalf of the Board.