ARIKA RESOURCES LIMITED — Capital/Financing Update 2013

Sep 9, 2013

Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

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ASX Code: PLD

10 September 2013

Rocky Gully Nickel Copper Project Exploration Commences

• PLD commences exploration at the Rocky Gully Ni-Cu Project which covers a total area of ~1,200km[2] in the Albany Fraser Belt, WA.

• The Albany Fraser Belt is considered analogous to the prolific Thompson and Cape Smith Belts in Canada, being host to large tonnage, high grade and low cost Ni-Cu deposits.

• The Rocky Gully Ni-Cu project early stage characteristics demonstrate similarities to the early stage characteristics of the recent Nova-Bollinger Ni-Cu discovery.

• Exploration will include geological and geophysical data compilation, further geophysical surveys and geochemical sampling, as well as Aircore and RC drilling.

• Results will be released as they become available.

PLD Corporation Limited ( ASX:PLD ) (“ PLD ” or “ the Company ”) is pleased to announce that it has commenced exploration at the Rocky Gully Ni-Cu Project which covers a total area of ~1,200km[2] located in the Albany Fraser Belt, Western Australia (Figure 1).

Exploration including geological and geophysical data compilation is underway which will prioritise areas of interest and targets within the 1,200km[2] of tenements. This will be followed by further geophysical surveys and geochemical sampling as well as Aircore and RC drilling to follow up prioritised targets with a view to confirming and extending Nickel Copper Sulphide mineralisation at Rocky Gully (Table 1).

The Company recently entered into two (2) binding Option Agreements for an exclusive 12 month period to acquire the Rocky Gully Ni-Cu Project where the Company will pay a total of $280,000 to exercise the Option for a minimum 90% of the Rocky Gully Project.

The Albany Fraser Belt, WA, is considered analogous to the prolific Thompson and Cape Smith Belt in Canada being host to large tonnage, high grade, low operating cost and capital efficient Nickel-Copper deposits. The analogy has recently been demonstrated by the discovery of Sirius Resources Limited (ASX:SIR) Nova-Bollinger Nickel-Copper Deposit, WA, within the same Belt.

The Rocky Gully Project includes four (4) contiguous tenements in the western portion of the Albany Fraser Belt (Figure 2). The projects are underlain by the Proterozoic rocks of the Birunup Gneiss. Late stage mafic to ultramafic intrusions have been identified in the area, which are favourable hosts for Ni-Cu sulphide mineralisation. Previous work has defined a number of coincident nickel and copper anomalies, while previous drilling has reportedly identified primary Ni-Cu sulphide mineralisation. These early stage characteristics demonstrate similarities to the early stage characteristics of the Nova-Bollinger Ni-Cu discovery (Table 2).

For further information regarding the Albany Fraser Belt and Rocky Gully Project please refer to the Company’s ASX announcement dated 19[th] August 2013.

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Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Figure 1 Albany Fraser Belt, location of Nova and Rocky Gully

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----- Start of picture text ----- SIR: NovaDepositPLD: Rocky GullyExploration Project----- End of picture text -----

Figure 2 Rocky Gully Project Tenements on DTM

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Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Table 1: 12 Month Work Programs and Use of Funds

Exploration	Exploration	A$
Geological and Geophysics Compilation		24,000
Geological Mappingand Geochemical Sampling		32,000
Geophysical Surveys		200,000
RAB and RC Drilling		200000
		,
Sub-	Total	456,000

Table 2: Reported Early Stage Characteristics Comparison of PLD Rocky Gully to SIR Nova-Bollinger Ni-Cu Deposit

Char	acteristics	Rocky Gully	Nova
Ultra	mafic lithologies and structures		
Coinc	ident Ni-Cu anomalies in laterites		
Prese	nce of massive Ni-Cu sulphides		
Regio	nal Ni-Cu bearingstructures and deposits	New district	New district
Stron	gaeromagnetic anomalies		
EM a	nomalies	TBD	

For More Information:

Matthew Gauci Managing Director +61 417 417 907

David Waterhouse Investor Relations +61 407 880 937

Competent Persons Statement

The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Code’) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The Information contained in this announcement has been presented in accordance with the JORC Code and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code.

Information in this report relating to Exploration results is based on information compiled by Dr Louis Bucci who is a Member of the Australian Institute of Geoscientists and a Principal Consultant with SRK Consulting (SRK). SRK are acting as independent technical consultants to the Company. Dr Bucci has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Bucci consents to the inclusion of the data in the form and context in which it appears.