5th November 2012
ASX Market Announcements, Australian Securities Exchange,
20, Bridge Street, Sydney, N.S.W. 2000
Dear Sir/Madam,

Notification of exercise of unlisted options

ASX "WDR"

Western Desert Resources Limited ("WDR") refers to the unlisted options (Options) issued
to certain sophisticated and professional investors under the placement announced by WDR
on 26 June 2012.
In accordance with the terms of issue of the Options, the exercise period for the Options expired at 5.00pm (Adelaide time) on 2 November 2012.
WDR advises that:
(a) it received, during the exercise period, valid exercise notices from certain registered holders of Options for the exercise of 16,352,507 Options (Exercised Options) at the exercise price of $0.70 per Option; and
(b) 8,290,373 Options, which were not exercised during the exercise period, lapsed on the expiry of the exercise period.
The exercise of the Exercised Options has raised proceeds of approximately $11,446,755. WDR advises that 16,352,507 new fully paid ordinary shares will be issued and allotted to the registered holders of the Exercised Options by no later than 5.00pm (Adelaide time) on
9 November 2012. WDR will notify ASX, and apply for quotation of those new fully paid ordinary shares at the time of their issue.
The Directors wish to take this opportunity to acknowledge and thank those Option holders for their support in continuing to exercise their Options after the WDR announcement made on 30th October 2012 that Meijin Energy Group had withdrawn its take