LEONORA (CARDINIA ET AL)

Navigator Resources announced a fully underwritten rights issue to shareholders to raise approximately A$21.6 million gross proceeds. On completion of the issue, the company will have the required funds to bring Bronzewing into production and conduct trial mining and processing at the Leonora Gold Project, both located in Western Australia, Australia. The company drilled and progressed the Cummins Range Rare Earth project. Drilling stopped in the deposit’s best grades and widths to the north-west. Further drilling is also required to the north and other prospects within the diatreme perimeter.

Navigator Resources advised that it intends to undertake the trial mining of approximately 75,000 tonnes of ore at its Leonora gold project in Western Australia to produce approximately 5,000 ounces of gold. The decision was made after the Company reached agreement with St Barbara Limited (“SBM”) whereby SBM will treat the ore through its Gwalia mill at Leonora for a fixed per tonne processing charge.

Navigator Resources Ltd confirm the allotment and issue on 22 June 2009 of 8,375,654 fully paid ordinary shares at $0.1939 each pursuant to an offer made under the company’s Share Purchase Plan (SPP) dated 27 May 2009. The total funds raised of A$1,624,000 under the SPP will be primarily used to progress the evaluation of the Bronzewing Gold Project, for ongoing feasibility work at the Leonora Gold Project, and for working capital.