ADMIRALTY RESOURCES NL. — Capital/Financing Update 2014

Sep 11, 2014

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Amended ASX ANNOUNCEMENT

(This is an amendment of the 5[th] September 2014 Announcement; “Rights Issue Completed”. The only change to the initial announcement is for Mr Baojiang Lui, where the number of shares and value of shares has changed.)

12 September 2014

Successful Completion of Rights Issue and Notification of Sub-Underwriters

Admiralty Resources NL (ASX: ADY) ACN 010 195 972 (“the Company”) is pleased to announce the successful completion of its rights issue raising gross proceeds $3,672,488 at the offer price of $0.016(1.6 cents) per new share. All funds have been received by the Company.

Under the rights offer the Company received valid applications from eligible shareholders for 16,555,558 of new shares. Any remaining new shares (“shortfall”) were underwritten by Jin Xin International Pty Ltd ATF Jin Xin International Investment Trust (“Underwriter”).

The Underwriter pursuant to its underwriting agreement with the Company has entered into the following sub-underwriting agreements:

Name	No.of Shares	AmountPaid
Sophie Zhong Pty Ltd ATF for the I Like Shopping Property Trust	70,501,898	$1,128,030
Mr Bin Li	25,000,000	$400,000
Mr Baojiang Liu	25,000,000	$400,000
Mr Yuhui Su	12,500,000	$200,000
Australian Chile Mining Holdings Pty Ltd ATF Australian ChileInvestment Trust	25,000,000	$400,000
Mr Dong Ji	6,000,000	$96,000

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Admiralty Resources NL, ACN 010 195 972, ABN 74 010 195 972 Po Box 177 Lane Cove NSW 1595,, Level 4, 25 Lime Street Sydney NSW 2000 Ph:+61 1300 239 239 Fax: +61 1300 329 239 WWW. ady.com.au

Ms Yan Li	28,974,058	$463,585
Ms Qiulan Liu	10,000,000	$160,000
Feifan Holdings Limited	10,000,000	$160,000

The proceeds of the rights issue will be used to:

• repay existing corporate debt in accordance with its current repayment schedule;

• progress the exploration programme at the Harper South and Pampa Tololo districts in Chile and advance the Soberana Project; and

• provide working capital and for general corporate purposes.

Admiralty Resources NL, ACN 010 195 972, ABN 74 010 195 972 Po Box 177 Lane Cove NSW 1595,, Level 4, 25 Lime Street Sydney NSW 2000 Ph:+61 1300 239 239 Fax: +61 1300 329 239 WWW. ady.com.au