market update

Territory Resources Limited (ASX: TTY – “Territory” or “the Company”) advises that due to the
complex requirements (including obtaining the requisite ASX Listing Rules waiver) relating to the
documentation of the agreement with its hedge book facility provider (“Bank”) and Noble Resources
Limited (“Noble”) in regard to the transfer of Territory’s Bank debt to Noble, the deadline for the
documentation and settlement has been extended until Friday, 2 October 2009.
Due to the confidential and ongoing nature of the transaction, the Company’s securities must remain
in suspension until there is a formalisation of the continuing debt arrangements with Noble and until
the Company has released its 2009 full year financial accounts. This will ensure that the Market is
fully informed regarding the Company’s financial position prior to the re-commencement of trading.