ACROW LIMITED — Capital/Financing Update 2013

Jul 23, 2013

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24 July 2013

Attention: Ms Jill Hewitt Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

By email: jill.hewitt@asx.com.au

Dear Ms Hewitt

NOBLE MINERAL RESOURCES LIMITED – ACTIVITIES UPDATE

Further to the ASX announcements made on 28 June 2013, 3 July 213 and 10 July 2013, Noble Mineral Resources Limited ( Noble or the Company ) wishes to advise that consultation with Ferrier Hodgson regarding the financial position and future funding requirements of Noble and its subsidiaries is still ongoing.

Accordingly, the Board of the Company is of the view that its securities should remain in voluntary suspension until the outcome of this consultation is known.

The Company currently anticipates that it will be able to lodge an announcement before open of trade on Wednesday, 7 August 2013.

As you may be aware, Noble and Australian Executor Trustees Limited ( Trustee ) and other parties entered into a Convertible Note Trust Deed on 22 January 2013 ( Trust Deed ). Noble confirms that, pursuant to the terms of the Trust Deed, the Trustee (acting on the instructions of the Majority Holders (as defined in the Trust Deed)) has waived the event of default that would otherwise arise under the Trust Deed as a result of Noble's securities remaining in voluntary suspension in these circumstances.

Yours sincerely

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Erik Palmbachs Chief Financial Officer/Company Secretary (Joint)

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Suite 3c, South Shore Centre, 85 South Perth Esplanade, South Perth, Western Australia, 6151 PO Box 1021, South Perth, Western Australia, 6951 T: (61-8) 9474 6771 F: (61-8) 9474 6772 W: www.nobleminres.com.au