30 July 2009

Dwyka Resources Limited (?Dwyka? or the ?Company?)

Issue of shares to accepting Minerva Resources Plc (?Minerva?) shareholders

and

Notice under Section 708A(5)(e) of the Corporations Act 2001

• Dwyka increases its holding in Minerva  to 87.72%

• Dwyka issues a further 1,416,304 shares to accepting Minerva shareholders

• Dwyka extends its offer until 11 August 2009

Further to the announcement on 14 July 2009 that Dwyka had declared its offer for the entire issued share capital of Minerva wholly unconditional, the Company has today issued and allotted a further 1,416,304 ordinary fully paid Dwyka shares (?Shares?) to those Minerva shareholders that had accepted Dwyka?s offer in the period from 1.00 p.m. (London time) on 21 July 2009 until 1.00 p.m. (London time) on 28 July 2009, being the second closing date of the offer. Dwyka has now received acceptances from shareholders represented 87.72% of the issued capital of Minerva Resources Plc and the offer remains open for further acceptances until 1.00 p.m. (London time) on 11 August 2009.

Application has been made to the AIM Market of the London Stock Exchange (?AIM?) for 1,416,304 Shares to be admitted to trading on AIM (?Admission?). Admission is expected to occur at 8.00 a.m. on 4 August 2009.

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.

The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708A(5)(e) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

(a)       the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(b)       Section 674 of the Corporations Act.

There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act.

For further information please contact:

Melissa Sturgess

Dwyka Resources Limited

(+44) (0)78 2555 1397 or melissa@dwyresources.com

In United Kingdom

Richard Brown

Richard Greenfield

Ambrian Partners Limited

(+44) (0)20 7634 4700

Press enquiries

Charlie Geller or Leesa Peters

Conduit PR

+44 (0)20 7429 6604/ +44 (0)79 7006 7320

Or visit: http://www.dwyresources.com

Dwyka Resources Limited

Suite 2, 5 Ord Street

West Perth WA 6005

Phone: +618 9324 2955

Fax: +618 9324 2977

Email: tamara@dwyresources.com

Website: www.dwyresources.com