ZOONO GROUP LIMITED — Capital/Financing Update 2007

Sep 27, 2007

oldsearch Limited ABN 73 006 645 754 G

Level 4 20 Loftus Street SYDNEY NSW 2000

Telephone: (02) 9241 5999 Fax: (02) 9241 5599 email: gold@goldsearch.com.au

gsh/psh/gsh719

28 September 2007

The Manager Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 Via ASX Online

No. of pages – 4

Dear Sir

Re: Notice to holders of quoted options expiring 31 October 2007

Enclosed for release to the market is a copy of the Option Expiry Notice and covering letter which will be mailed today to the holders of the Company’s quoted options (ASX code GSEO) which expire on 31 October 2007.

For and on behalf of the directors of Goldsearch Limited

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P S Hewson Secretary

~~G~~

GOLDSEARCH LIMITED ABN 73 006 645 754

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Dear Optionholder,

Computershare Investor Services Pty Limited ABN 48 078 279 277 Level Three 60 Carrington Street Sydney NSW 2000 Australia GPO Box 7115 Sydney NSW 2001 Australia Telephone 61 3 9415 4000 Australia Facsimile 61 2 8235 8150 Canada www.computershare.com Channel Islands Germany Hong Kong India Ireland New Zealand Philippines Russia Singapore South Africa United Kingdom USA

Goldsearch Limited quoted options expiring 31 October 2007 (“Options” – ASX code GSEO)

We would like to remind you that, in accordance with their terms and conditions, the Options registered in your name will expire at 5:00pm Sydney time on 31 October 2007, unless they are exercised prior to that time. The exercise price for each Option is five cents (A$0.05).

Please find enclosed your Options Expiry Notice. You may exercise your Options, in whole or in part, by completing and forwarding the Option Expiry Notice together with payment of the applicable Exercise Monies in the enclosed reply paid envelope, to reach Computershare Investor Services Pty Limited no later than 5:00pm (Sydney time) on 31 October 2007 (the Expiry Date).

Payment of Exercise Monies must be made by cheque or bank draft in Australian dollars payable to ‘Goldsearch Limited – Share Application Account’.

If you wish to sell your Options on the Australian Securities Exchange (ASX) you must do so before close of trading on 24 October 2007, after which they will cease to be quoted. The ASX Code is GSEO.

As announced on 30 August 2007 the directors have arranged the underwriting of the exercise of all of the outstanding Options. Accordingly the entitlements under any options for which the Exercise Monies remain unpaid at 5:00pm Sydney time on 31 October 2007 will lapse and will be subscribed for by the Underwriters. Total fees payable to the Underwriters are $87,071.

We recommend you seek independent professional advice as to the income tax effects, if any, in relation to the payment of all or part of the Exercise Monies or the expiry of these options in the event of non-payment.

If you have any queries regarding the enclosed documentation, please contact Computershare Investor Services on 1300 855 080 (within Australia) or 61 3 9415 400 (outside Australia).

Yours sincerely,

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Paul S Hewson Company Secretary

28 September 2007

018763 - V1

GOLDSEARCH LIMITED ABN 73 006 645 754

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A
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000001 000 1301011221012102012221332120133322113 SAM MR JOHN SMITH 1 FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Use a black pen. Print in CAPITAL letters A B C 1 2 3 inside the grey areas.

Please return completed form to: Computershare Investor Services Pty Limited GPO Box 7045 Sydney NSW 2001 Australia Enquiries (within Australia) 1300 855 080 (outside Australia) 61 3 9415 4000 Facsimile 61 2 8234 8212 web.queries@computershare.com.au www.computershare.com

Securityholder Reference Number (SRN)

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I 1234567890 I N D

Option Expiry Notice

Options exercisable at five cents (A$0.05) expiring 5:00pm Sydney Time on 31 October 2007 (‘Options’)

	Optionholder Entitlement details	Optionholder Entitlement details
	Subregister	Issuer
	ASX Code	XXXXXX
	Number of Options registered in your name	XXX,XXX,XXX
	Amount payable on full exercise of Options at A$0.05 per Option	X,XXX,XXX.XX
	Number of Shares to be issued	XXX,XXX,XXX

Dear Optionholder(s)

You are reminded that the Options to subscribe for fully paid ordinary shares (‘Shares’) in the capital of Goldsearch Limited which are registered in your name will expire on 31 October 2007. These Options are exercisable, wholly or in part, by the payment of five cents (A$0.05) for each Option exercised. If you wish to exercise your Options, payment of the Exercise Monies must be received at either of the addresses overleaf, by 5:00pm (Sydney Time) on 31 October 2007. For every one Option exercised, the optionholder will be allotted one Share in Goldsearch Limited.

Entitlements under any Options not exercised by 5:00pm (Sydney Time) on 31 October 2007 will lapse and will be subscribed for by the Underwriters.

To be completed by Optionholder

Exercise Monies enclosed at A$0.05 per Option

B Number of Options to be exercised C

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A$

.

I/We enclose my/our payment for the amount shown above being payment of Exercise Monies of A$0.05 per Option.

To the Directors of Goldsearch Limited

I/We the above-named, being the registered holder(s) of the Options, hereby exercise the above number of my/our Options to subscribe for Shares in Goldsearch Limited. I/we request you to allot such number of Shares to me/us and I/we agree to be bound by the Constitution of the Company.

Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"

Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"	Cheque details - Make your cheque or bank draft payable to "Goldsearch Limited - Share Application Account"
D BSB number Account number Drawer Amount of cheque A$ Cheque number BSB number Account number Drawer Amount of cheque A$ Cheque number
									A$

Sign here - This section must be signed for your instructions to be executed

E Individual or Optionholder 1 Optionholder 2 Optionholder 3 Sole Director and Sole Company Secretary Director Director/Company Secretary

The directors reserve the right to make amendments to this form where appropriate. Please refer to the lodgement instructions overleaf.

This form may not be used to effect an address change. Please contact Computershare Investor Services Pty Limited on 1300 855 080 for an appropriate form, or download a Change of Address Notification form from www.computershare.com See back of form for completion guidelines

See back of form for completion guidelines

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G S E O E N

018763 - V3

How to complete this form

Exercise of your Options in full or part

A Registration Name(s) E Signature(s) Your name and address as it appears on the Goldsearch Limited register You must sign the form as follows in the space provided: of Options. B Options Exercised Joint holding: where the holding is in more than one name all ofthe securityholders must sign. Enter the number of Options you wish to exercise. Power of Attorney: to sign under Power of Attorney, you must have C Exercise Monies already lodged this document with the registry. Alternatively, attach a certified copy of the Power of Enter the amount of Exercise Monies. To calculate the amount payable, Attorney to this form when you return it. multiply the number of Options exercised by the exercise price. Deceased Estate: all executors must sign and, if not already noted by D Payment the registry, a certified copy of Probate or Letters of Administration must accompany this form. Make your cheque or bank draft payable to “Goldsearch Limited – Share Application Account” in Australian currency and cross it Not Negotiable. Companies: this form must be signed by either 2 Directors or a Your cheque or bank draft must be drawn on an Australian Bank. Director and a Company Secretary. Alternatively, where the company has a Sole Director and, pursuant to the Corporations Act, there is no Complete the cheque details in the boxes provided. The total amount Company Secretary, or where the Sole Director is must agree with the amount shown in box C. also the Sole Company Secretary, that Director may Cheques will be processed on the day of receipt and as such, sign alone. Delete titles as applicable.

Cheques will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques returned unpaid may not be re-presented and may result in your Option Expiry Notice being rejected. Pin (do not staple) your cheque(s) to the Options Expiry Notice where indicated. Cash will not be accepted. Receipt for payment will not be forwarded.

This is an important document and requires your immediate attention. If you are in any doubt as to how to deal with it, please consult your Financial Advisor or other Professional Advisor.

Lodgement of Notice

Option Expiry Notices accompanied by payment of Exercise Monies must be received at the Sydney office of Computershare Investor Services Pty Limited by no later than 5:00pm (Sydney Time) on 31 October 2007.

Return the completed Option Expiry Notice together with cheque or bank draft in payment of the Exercise Monies to:

Computershare Investor Services Pty Limited OR Computershare Investor Services Pty Limited GPO Box 7045 Level 3 SYDNEY NSW 2001 60 Carrington Street SYDNEY NSW 2000

Privacy Statement

Personal information is collected on this form by Computershare Investor Services Pty Limited ("CIS"), as registrar for securities issuers ("the issuer"), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to external service companies such as print or mail service providers, or as otherwise required or permitted by law. If you would like details of your personal information held by CIS, or you would like to correct information that is inaccurate, incorrect or out of date, please contact CIS. In accordance with the Corporations Act 2001, you may be sent material (including marketing material) approved by the issuer in addition to general corporate communications. You may elect not to receive marketing material by contacting CIS. You can contact CIS using the details provided on the front of this form or E-mail privacy@computershare.com.au

Recent share prices on Australian Securities Exchange

Latest available market sale price of the Shares (ASX code ‘GSE’) was 7.0 cents on 27 September 2007. Highest sale price during the 3 months preceding 27 September 2007 was 11.0 cents on 27 June 2007. Lowest sale price during the 3 months preceding 27 September 2007 was 5.2 cents on 16 August 2007.

Last trading day of Options on the Australian Securities Exchange will be on 24 October 2007.

If you have any enquiries concerning your Option holding, please contact Computershare Investor Services Pty Limited on 1300 855 080.

Please return the completed form in the envelope provided, or to the address opposite:

Computershare Investor Services Pty Limited GPO Box 7045

Sydney NSW 2001 Australia

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018763 - V3