Prosperity Resources Limited : Loan Terms Extended

PROSPERITY RESOURCES LIMITED

100 Parry Street

PERTH WA 6000

PO Box 7516

CLOISTERS SQUARE WA 6850

Tel: [phone]

Fax: [phone] [e-mail] www.prosperity.net.au

12 October 2012

LOAN TERMS EXTENDED

Prosperity Resources Limited (ASX: PSP, "Company") is pleased to advise an extension to the credit facility originally advised to the market on 15 February 2012. Under the facility, the loan was due to be repaid by 30 June 2012.
The latest terms are summarised as follows:
Lender: Resource Global Finance Limited ("RGF")
Amount: USD1,000,000
Interest rate: Nil
Repayment date: 31 March 2013
The fee for securing the facility extension is the issue, subject to shareholder approval, to
RGF of 4,000,000 fully paid ordinary shares.

For further information please contact:

Mo Munshi Chairman/Managing Director (M) [phone] (M) [phone]

ABN 60 103 280 235