VIEW RESOURCES LTD (VRE)

name changed to Celsius Coal Limited

View Resources Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Tuesday, 14 June 2011

releases the financial report of View Resources Limited and the entities it controlled at the end of, or during the half-year ended 31 December 2010

releases a secondary trading prospectus as lodged with the ASIC today - this is for the offer of 10,000,000 Shares in the capital of the Company at a price of $0.005 per Share to raise up to $50,000

we understand that on or about this date the company consolidated its shares 1 for 20

the Recapitalisation Proposal and effectuation of the Deed of Company Arrangement was completed on the 9th February 2011. Control of VRE has now been handed over to the newly appointed Board so that they may move to complete all outstanding hurdles to enable the company to be relisted on the ASX

all resolutions were passed at the meeting of shareholders on 24 January - the recapitalisation proposal will occur over the next two weeks

a General Meeting of the shareholders of View Resources Ltd (Subject to Deed of Company Arrangement) will be held at 10am (WST) on 24 January 2011 at: Ferrier Hodgson Level 26, Bankwest Tower 108 St Georges Terrace PERTH WA 6000 - if the proposed resolutions are passed and the restructuring (among other things a consolidation of its issued capital as at the date of this Meeting on a twenty (20) for one (1) basis) and recapitalisation is completed, the Company must seek the reinstatement to trading of its Shares on ASX

the Company and View Nickel Pty Ltd obtain the approval of their creditors to enter into a varied Deed of Company Arrangement (DOCA) so that all claims of creditors (secured and unsecured) against the Company and View Nickel Pty Ltd will be comprised and released following a cash payment to a creditors' trust

a meeting of creditors will be held at 10:30am WST on Monday, 20 December 2010 and will be held at the offices of Ferrier Hodgson, Level 26 BankWest Tower, 108 St Georges Terrace, Perth, Western Australia - Deed Administrators' opinion regarding the upcoming meeting is to resolve to vary the existing DOCA on the terms as detailed in their report

administrators are yet to make a determination as to the likely returns to creditors from the administrations of VResources and VNickel, as this will ultimately be dependent upon the realisation of VNickel's 30 percent interest in the Carnilya Hill Joint Venture

variations to the DOCA's of both VResources and VNickel were approved by creditors at meetings held on 12 January 2010. Following agreement between the Deed Administrators and Austral-Asia Resources and Infrastructural Investments Pty Ltd (AARII) with respect to a number of critical terms within the DOCA's, the DOCA's were executed on 14 May 2010

the administrators are yet to make a determination as to the likely returns to creditors from the administrations of View Resources however they will update creditors in due course

meetings of creditors were held pursuant to section 445F of the Corporations Act and creditors resolved to vary the Deeds of Company Arrangement of View Resources Limited and View Nickel Pty Ltd and further resolved to terminate View Gold Pty Ltd's DOCA and to place that company into Liquidation - a creditors meeting was held and creditors approved variations to the View Resources Deed of Company Arrangement ("DOCA") - the key variations to the existing DOCA for View Resources are as follows: 1. The completion of the VGold DOCA is to be removed as a condition precedent to completion of the VResources DOCA; 2. Funds will be distributed in respect of administration costs/remuneration, employees' priority claims, secured claims and unsecured claims as funds permit in accordance with the provisions of the Corporations Act; 3. AARII will not provide a top-up payment to the unsecured creditors of VResources; 4. The reduction of the intercompany loan with VGold will be removed (reduction from $78 million to $70 million); and 5. The Australian Securities Exchange ("ASX") reconstruction related clauses are removed given that AARII is not currently contemplating the relisting of VResources.

the third meeting of creditors of View Resources has been convened for Tuesday , 12 January 2010 at the offices of Ferrier Hodgson, Level 26 Bankwest Tower, 108 St Georges Terrace, Perth, Western Australia at 11.00am Western Standard Time to decide the future of the company

the sale of the Bronzewing assets for $16m was completed on 30 September 2009

Navigator Resource Limited ("Navigator", ASX: "NAV") advises that it has entered into a conditional agreement to purchase the assets of the Bronzewing Gold Project from the Administrators of View Gold Pty Ltd and View Resources Limited (Subject to Deeds of Company Arrangement). The purchase price for the acquisition of the Bronzewing Gold Project is A$9.55M plus the assumption of various environmental bonding obligations totalling A$6.45M

Deed Administrators issue a circular to shareholders in which they indicate the possibility of the reinstatement of the company to quotation by February 2009 and the possible preservation of "some value for existing shareholders" - they are not inviting shareholders to submit proofs of debt as they do not believe directors breached continuous disclosure rules

a Deed of Company Arrangement (DOCA) is executed

administrators have signed a funding agreement to refinance certain debts

the appointment of receivers (Brian MacMaster and Mark Mentha of KordaMentha) ceases - control of the assets of the company is in the hands of the administrators Darren Weaver and Andrew Saker of Ferrier Hodgson

receivers report that steps are being taken to move VGold's Bronzewing gold project onto care and maintenance

receivers (Brian MacMaster and Mark Mentha of KordaMentha) are appointed by the secured creditor

the company's board responds to ASX queries - we recommend shareholders read both

further to the announcement by Mincor on 8 January 2008 that it had reached agreement with View Resources Ltd to acquire the interests of View in the Carnilya Hill Joint Venture and certain other nickel rights - company advises that the conditions associated with the acquisition had not been satisfied by the required date - the Parties to the proposed transaction have not agreed on a further extension to the date for satisfaction of these conditions and accordingly the agreement has lapsed

securities suspended from quotation following the appointment of Darren Weaver and Andrew Saker of Ferrier Hodgson as administrators

securities reinstated to quotation

securities suspended from quotation pending an announcement

securities reinstated to quotation

releases full year statutory accounts

the company has closed out all remaining hedging for the Bronzewing Gold Project with immediate effect - it is confident that by taking this position and becoming totally unhedged and fully exposed to the rising gold price represents the best case scenario in the current bull gold market - View is well advanced in its discussions to secure a level of short term funding

securities suspended from quotation pending an announcement about short-term financing

securities reinstated to quotation

securities suspended from quotation pending an announcement

shares reinstated to quotation

shares suspended from quotation pending release of an announcement

shares reinstated to quotation following an announcement regarding an "underwritten pro-rata renounceable issue"

shares suspended from quotation pending an announcement by the company

we understand that on or about this date the company consolidated its shares 1 for 10

name changed from Smartworld Corporation Limited