Media Release 15 December 2010 ASX LISTING DATE CONFIRMED Confirmation of ASX listing at 11:00 am on Friday 17 December 2010 The Board of Carabella Resources Limited (Carabella or Company) (ASX:CLR) is pleased to advise that the issue and allotment of shares under the IPO is now complete.

Holding statements were posted to all shareholders on Monday 13 December 2010. On 2 December 2010 the Company announced that it had closed its IPO early following strong demand from international and domestic resource focused institutions and that it was targeting an ASX listing date of 10 December 2010. Following recent discussions held with the ASX, the Company has been advised by the ASX that Carabella has been allocated a listing time of 11:00 am on Friday 17 December 2010. The Board encourages shareholders and investors to keep up to date with all announcements released by the Company by visiting the website at www.carabellaresources.com.au. For further information please contact: Contact: Michael Addison Chairman Tel: +61 2 993 4475 Web: www.carabellaresources.com.au Media Contact: David Tasker Professional Public Relations Tel: +61 8 9388 0944 / +61 433 112 936 Email: ABOUT CARABELLA RESOURCES LIMITED Carabella Resources Limited holds a number of coal exploration interests in Queensland, covering a total exploration area of approximately 3,600km2 in the Bowen, Mulgildie, Clarence-Moreton and Adavale Basins. The Company recently completed an initial drilling program at its flagship coking coal tenement -- Mabbin Creek -- located adjacent to the Goonyella/Riverside/Broadmeadow coking coal mine operated by BHP Billiton in the northern Bowen Basin, Queensland.

The program identified a maiden JORC resource of 91.7 million tonnes of coking coal (comprising 21.7 million tonnes of Indicated and 69.9 million tonnes of Inferred resources) at the Grosvenor West prospect on the eastern border of the tenement.

The Company intends to place immediate priority on the continued development of Grosvenor West, as well as investigating other exploration target areas at Mabbin Creek.
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