SHARE PURCHASE PLAN CLOSES WITH STRONG SUPPORT

Barra Resources Limited (ASX Code: BAR) is pleased to advise that it has received strong support from shareholders in the recently closed Share Purchase Plan (SPP).
A total of $624,000 was raised from shareholder subscriptions, leaving approximately a 17% shortfall from the underwritten amount of $750,000. The shortfall will be taken up by the Underwriter, major shareholder FMR Investments Pty Ltd subject to approval at the Annual General Meeting scheduled for Tuesday 22 November 2011.
Funds raised from the SPP will be applied towards exploration drilling at the Company's 100%
owned Philips Find Mining Centre (drilling currently underway) and for working capital purposes.
Board and management thank shareholders for their support and look forward to reporting exploration results from the current drilling program in due course.

GARY BERRELL Chairman Barra Resources Limited (ABN 76 093 396 859) Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955