upto 6 weeks

We are awaiting the final analysis of the well results before releasing any report on future intentions. The analysis will first be sent to the Dept of Primary Industry in Victoria before any report is released. This could take up to six weeks. Meanwhile, we will be doing studies about the best position for the next hole, although it is not certain (awaiting the operator’s and well engineer’s analysis and report) if and when the next hole will be drilled.

I trust the above gives some idea of timeframe.

Yours faithfully

Vaz Hovanessian

Director Corporate Affairs & Investor Relations

FairStar Resources Limited