****** placement ann *******

  1. 31,084 Posts.
    ABN 65 0849 184 81
    Postal Address: PO Box 1282, West Perth, WA 6872
    Level 1, 1275 Hay Street, West Perth, WA 6005
    Phone: (08) 9322 8222 Fax (08) 9322 8244
    [email protected] www.westcoastmining.com.au
    February 2, 2005
    Australian Stock Exchange Limited
    Electronic Lodgment
    20 Bond Street
    SYDNEY NSW 2000
    1 page
    Dear Sirs
    The Directors of Westcoast Mining Limited (ASX Code: WML) wish to advise that the
    company has reached agreement to issue 6,650,000 fully paid ordinary shares at an issue
    price of 6.5 cents per share with various sophisticated investors raising approximately
    $410,000 (net of capital raising costs).
    The funds raised will be used to enable the company to fully evaluate a significant
    project which is currently under review by the Board.
    Yours faithfully
    Eddie Smith
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