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Matsa Resources Pty Ltd & Kalgoorlie-Boulder Resources Ltd	Update Date: 09/02/08
Date Announced: 08/15/08
Value (million $USD): 2.8 million U.S. Dollar 3.3 million Australian Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	08/15/08
Date Originally Announced	08/15/08
Format	Merger	Acquisition techniques	Stock Swap
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	2.8 million U.S. Dollar 3.3 million Australian Dollar	Advisor Fees	n/a

SYNOPSIS

AUSTRALIA - Kalgoorlie-Boulder Resources Ltd (KB) agreed to acquire the entire share capital Matsa Resources Pty Ltd, a gold mining company, in exchange for 80 mil KB ordinary shares valued at 3.28 mil Australian dollars ($2.841 mil US). The shares were valued based on KB's closing stock price of A$0.041 ($0.036) on August 14, the last full trading day prior to the announcement. The transaction had been subject to due diligence completion. The transaction was subject shareholder and regulatory approvals.

TARGET
Name	Matsa Resources Pty Ltd
Industries	Copper ores
City	Morley, Western Australia
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Private
Business Description	Matsa Resources Pty Ltd is a gold and copper mining company located in Morley, Western Australia. It has interests in projects in Western Australia and Southeast Asia.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Kalgoorlie-Boulder Resources Ltd (Australia : KAL)
Industries	Uranium-radium-vanadium ores; Crude petroleum and natural gas
City	Kalgoorlie, Western Australia
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	Kalgoorlie-Boulder Resources Ltd is a gold mining company headquartered in Kalgoorlie, Western Australia. It also explores other minerals, oil and gas. Its oil and gas exploration project is located in Oklahoma, USA. Norseman Gold Project and Clinker Hill Nickel Project are two of its major exploration projects, both located in Western Australia. The company was founded in October 2003.
Advisors	NULL
Acquiror Sales	1.1 million U.S. Dollar 1.4 million Australian Dollar

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