AGM Results and Capital Raising

Anchor Resources Limited (ASX Code: AHR) is pleased to provide results of its recent Annual General Meeting as well as details of a Rights Offer to shareholders.

Managing Director, Trevor Woolfe, commented that ?The Company is raising just under $1 million in funds for working capital and to progress exploration of its highest priority projects, primarily the Wild Cattle Creek antimony resource. Shareholders, preferentially, are being offered the opportunity to purchase Anchor shares at 15c per share, a 21% discount to the closing price on 12 November, immediately prior to the announcement. Entitlement to the Offer will close off prior to the ?Ex Date? of 24 November.?

The following documents (pdf?s) are now available on the Company?s website www.anchorresources.com.au:

AGM 2009

1.       Results of AGM

2.       AGM Address to Shareholders

Rights Offer

1.                   Announcement of Non-renounceable Rights Offer

2.                   Offer Letter

3.                   Cleansing Notice to Rights Offer

4.                   Notice to Optionholders of Rights Offer

** Note that the timetable for the Rights Offer is on page 6 of the Offer Letter

For further information contact Anchor Resources Limited in Sydney on 02 9279 1231.

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  Kind regards,

  Trevor Woolfe

  Managing Director

  Anchor Resources Limited   (ACN 122 751 419)

Office:     Suite 404, 25 Lime St, Sydney, NSW 2000

Postal:     PO Box H116, Sydney NSW 1215

Phone:    +61 2 9279 1231

Fax:         +61 2 9279 2727

www.anchorresources.com.au