krz., page-3

DM

There were 652,000,000+ on offer prior to today

Just in:

KALREZ ENERGY LIMITED 2002-06-07 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the
Corporation Act, we advise that at a shareholders' meeting held
earlier today, the following resolutions were approved:

1. Approval of issue of 850 million shares and options.

2. Ratify issue of 28,700,000 shares and options in November 2001.
Now there's more than 1.4 BILLION shares???

Is that right??