ALTAMIN LIMITED — Capital/Financing Update 2011

Jun 13, 2011

14 June 2011

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ASX Announcement

SECTION 708A(5)(e) NOTICE & APPENDIX 3B

ASX Code EMX

ABN 63 078 510 988

ENERGIA MINERALS (ASX:EMX; or the ‘Company’) is pleased to announce it has today completed tranche 2 of the share placement announced 15[th] April 2011 following shareholder approval granted at a General Meeting of Shareholders held on 7[th] June 2011, and issued 30,225,000 fully paid ordinary shares to sophisticated and professional investors at an issue price of $0.12 per share to raise gross proceeds of approximately $3.62 million. This completes the share placement raising gross proceeds of $4.8m.

Notice given under Section 708A(5)(e) of the Corporations Act

This notice is given by the Company under section 708A(5)(e) of the Corporations Act 2001 (Cth) in relation to the issue of 30,225,000 fully paid ordinary shares (as detailed further in the attached Appendix 3B) without disclosure to investors under Part 6D.2 of the Corporations Act.

The Company relies on case 1 in section 708A(5) of the Corporations Act in respect of the above issue of shares.

As at the date of this notice, the Company has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no information that:

• (a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• (b) investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

PO Box 1785 West Perth WA 6872

Level 2, 20 Kings Park Road West Perth WA 6005

T: 61 (0)8 9321 5000 F: 61 (0)8 9321 7177 E: info@energiaminerals.com W: www.energiaminerals.com

Board of Directors Tony Iannello Non Executive Chairman Keren Paterson Managing Director Leigh Bettenay Executive Director – Exploration & Development Max Cozijn Non Executive Director Ian Walker Non Executive Director

Company Secretary Jamie Armes Chief Financial Officer and Company Secretary

• (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

• (ii) the rights and liabilities attaching to fully paid ordinary shares,

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Appendix 3B

Please find attached an Appendix 3B in relation to this placement

For further information contact:

Jamie Armes – Company Secretary +61 8 9321 5000 info@energiaminerals.com

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Page 1 of 1

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Energia Minerals Limited

ABN 63 078 510 988

We (the entity) give ASX the following information.

Part 1 - All issues– Questions

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to Fully paid Ordinary Shares be issued 2 Number of[+] securities issued or 30,225,000 to be issued (if known) or maximum number which may be issued 3 Principal terms of the[+] securities Fully paid Ordinary Shares (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion

• See chapter 19 for defined terms.

Appendix 3B Page 1

1/1/2003

Appendix 3B New issue announcement

4 Do the[+] securities rank equally in The securities rank equally with all existing fully all respects from the date of paid ordinary shares. allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.12 per share for gross consideration of $3,627,000 6 Purpose of the issue Issue of Tranche 2 shares pursuant to the (If issued as consideration for the placement announced 15 April 2011 and as acquisition of assets, clearly approved by shareholders 7 June 2011. identify those assets) The proceeds will be used for: • further exploration at Energia’s highly prospective Carnarvon Basin projects, including the Carley Bore deposit; • heritage surveys on defined drill targets at the Company’s promising tenements in South Australia; • the pursuit of the granting of the uranium exploration licences in Italy; and • general working capital 7 Dates of entering +securities 14 June 2011 into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 82,500,005 Ordinary Shares +securities quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

24/10/2005Appendix 3B Page 2

Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	27,000,000 5,500,000 4,500,000 500,000 250,000 4,500,000 500,000 5,000,000 250,000 400,000	Ordinary shares restricted until 24 December 2011 Options exercisable at $0.225 per ordinary share, expiry 8 July 2015 Options exercisable at $0.25 per ordinary share, expiry 26 October 2014 Options exercisable at $0.25 per ordinary share, expiry 26 October 2014. Options exercisable at $0.25 per ordinary share, expiry 3 March 2015. Options vesting 26 October 2012 exercisable at $0.30 per ordinary share, expiry 26 October 2014. Options exercisable at $0.30 per ordinary share, expiry 26 October 2014. Options exercisable at $0.30 per ordinary share, expiry 24 June 2015. Options vesting 3 March 2012, exercisable at $0.30 per ordinary share, expiry 3 March 2015. Options exercisable at $0.30 per ordinary share, expiry 30 June 2015
	N/A

- – – Part 2 Bonus issue or pro rata issue Questions 11 33 deleted as not applicable

• See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

Appendix 3B New issue announcement

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one )

(a) Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Questions 35 to 37 deleted as not applicable

Entities that have ticked box 34(b)

Questions 38 to 42 deleted as not applicable

• See chapter 19 for defined terms.

24/10/2005Appendix 3B Page 4

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those +securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: .......................................................... Date: 14 June 2011 ( ~~Director/~~ Company secretary)

Print name: Jamie Armes

• See chapter 19 for defined terms.

24/10/2005Appendix 3B Page 5