ARIKA RESOURCES LIMITED — Capital/Financing Update 2014

Sep 2, 2014

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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399

Manager 3 September 2014 Companies Announcement Office Australian Securities Exchange

Dear Sir,

On 8 July 2014 PLD Corporation lodged an Appendix 3B for a placement the Company had undertaken. As 40,617,264 of the 75,000,000 shares issued were under Rule 7.1A there were disclosures required by Listing Rule 3.10.5A and these were not provided at the time.

The information that should have been disclosed at that time was as follows:

1. The dilutive effect of the 40,617,264 shares issued under 7.1A was 9.19%

2. The Company required as much cash as it could raise without going back to shareholders for approval so took up all of the availability under 7.1A and the bulk of the availability under 7.1 to maximise this raising.

3. The placement was managed by Patersons Securities Limited and the Company paid a fee of $29,700.

4. There were no other fees paid in relation to the placement.

5. The placement was made at $0.006 per share which was a discount of approximately 15% on the 15 day VWAP price of $0.0072 calculated by the manager of the placement.

Yours faithfully,

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David Nairn Company Secretary.