ARIKA RESOURCES LIMITED — Capital/Financing Update 2014

Dec 16, 2014

Suite 6, 245 Churchill Avenue Subiaco WA 6008 PO Box 1273 Subiaco WA 6904 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

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ASX Code: PLD 17 December 2014

Admiral Bay Zinc Project Update

PLD Corporation Limited ( ASX:PLD ) (“ PLD ” or “ the Company ”) advises that the due diligence process on the Admiral Bay Zinc Project is progressing as planned during the current Option Period, which expires on 31 January 2015, and can be extended for a further 6 months via the payment of $20,000 per month to the vendors.

As part of the due diligence process and as previously outlined, the Company is currently working through an evaluation of the previous exploration database to develop an Exploration Target Range and also completing a Metallurgical Testwork Review; while positive discussions continue with a wide range of potential partners.

To fund the due diligence process and working capital, the Company has completed a private placement to professional and sophisticated investors to raise a total of $200,000 via the placement of 40m shares at the price of 0.5c per share with a 1 for 1 free attaching option exercisable at the price of 1c and an expiry date of 31 December 2015.

As announced (25/11/14), the Admiral Bay Zinc Project JORC 2012 Resource highlights are as follows:

• Inferred Mineral Resource Estimate (MRE) of 72Mt at 6.0% Zn+Pb (3.1% Zn, 2.9% Pb) and 18g/t Ag

• Higher grade zones (Zn or Pb > 5%) show significant metal accumulation

• Substantial intersections (20 – 75m) indicate potential for resource expansion

• High success rate of past drilling supports potential for additional mineralisation

• The MRE is currently limited to 2.1km of an 18km long mineralised corridor

• Zinc‐lead‐silver‐barium deposit classified as Mississippi Valley‐type deposit (MVT)

The Company is not aware of any new information or data that materially affects the information included in the 25[th] November 2014 announcement and that all material assumptions and technical parameters underpinning the mineral resource estimates in the relevant market announcement continue to apply and have not materially changed.

Commenting on the Update Managing Director Matt Gauci said:

“The due diligence process is progressing as planned and positive discussions have been held with a wide range of potential partners where consensus exists on the impending zinc supply shortage and absence of ASX listed companies who wholly own a significant zinc‐lead asset. The Company is now working through exploration target range and metallurgical testwork review and has completed a private placement with solid support from existing and new shareholders to accelerate this process.”

FOR MORE INFORMATION:

Matt Gauci Managing Director T: +61 417 417 907

David Tasker Professional Public Relations T: +61 8 9388 0944

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Suite 6, 245 Churchill Avenue Subiaco WA 6008 PO Box 1273 Subiaco WA 6904 Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Figure 1: Global Market balance of contained zinc

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Figure 2: Tenements and drill hole locations over 18km mineralised corridor

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