MINARA RESOURCES LIMITEDASX CODE: MREABN 23 060 370 783ASX ANNOUNCEMENT Market Update

Minara Resources Limited (Minara) advises that there has been a partial

failure of a heat exchanger within the acid plant which has necessitated bringing the acid plant offline. Production from the rest of the operation continues at reduced rates. The impact of the heat exchanger failure on the company’s production is being assessed.

Minara will advise the market when further information is available.

Peter Johnston

Managing Director and CEO

30 June 2011

Contact Andrew Bantock, Chief Financial Officer Minara Resources Limited

+ 61 8 9212 8400 www.minara.com.au

David Griffiths, Gryphon Management Australia

+61 8 9382 8300

Minara Resources Limited

Level 4, 30 The Esplanade PERTH WA 6000

PO Box Z5523, St Georges Terrace

PERTH WA 6831 AUSTRALIA

www.minara.com.au