AERIS RESOURCES LIMITED — Capital/Financing Update 2012

Dec 9, 2012

ASX / MEDIA RELEASE

10 DECEMBER 2012

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Straits

STRAITS RESOURCES LIMITED (ASX: SRQ)

MT MURO MINE RECOMMENCES OPERATION

Further to the announcement on 5 December 2012 regarding rainfall impacting the Mt Muro operations and the Company’s commitment to provide granular and timely updates in regards to meeting our 5 key objectives, we are pleased to announce that the Mt Muro mine recommenced operation at 3:00pm on Sunday, 9 December 2012.

Key Objective:

• On-time and on-budget ramp up of the Mt Muro gold mine to full production in March 2013 in order to achieve production of 100,000oz AuEq in the current financial year.

Outlook:

• At this stage there is no change to annual production guidance.

As previously announced, a full review of the Mt Muro mine plan was already underway post the recent recapitalisation of the company and in preparation for the potential demerger of the gold and copper operations. This plan is due to be presented to the board on the 20[th] of December.

For further information, please contact:

• Milan Jerkovic – Chief Executive Officer

• Matthew Smith – Acting CFO & Company Secretary

on +61 8 9480-0500, or visit our website at www.straits.com.au .

References in this report to “Straits Resources Limited”, “Straits” and “Company” include, where applicable, its subsidiaries.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: info@straits.com.au  www.straits.com.au