ARIKA RESOURCES LIMITED — Capital/Financing Update 2014

Jul 2, 2014

Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

ASX Code: PLD 3 July 2014

$1m Capital Raising to advance Nickel Copper Sulphide Drilling

• Firm commitments received for a Placement raising $450,000

• Non-Renounceable Entitlements Issue of 1:5 to raise up to $578,000

• Funds raised to advance Nickel Copper Sulphide Drilling set to commence shortly at the M19 and M20 Target at the Rocky Gully Project, Albany Fraser Belt, WA.

PLD Corporation Limited (ASX:PLD) (“PLD” or “the Company”) advises that the Company has received firm commitments for a placement to raise $450,000 and will undertake a 1:5 NonRenounceable Entitlements Issue to raise up to $578,000 to advanced Nickel Copper Sulphide Drilling program at the Rocky Gully Project located in the Albany Fraser Belt, WA. Patersons Securities limited (“Patersons”) acted as Lead Manager and Underwriter to the Issue.

Placement

The placement comprises issue of 75 million fully paid ordinary shares at $0.6c per share to raise $450,000. The placement is being made to sophisticated and professional investors under the Company’s existing 25% placement capacity. It is anticipated that the placement shares will be issued on 9th of July 2014.

Entitlements Issue

The Non-Renounceable Entitlements Issue will constitute an offer of 96,472,028 new fully paid ordinary shares in the Company on the basis of 1 new share for every 5 existing shares held by eligible shareholders on the Record Date. The offer price will be the same as that offered under the Placement, being $0.6c per new share to raise up to $578,000. The Offer is to be partially underwritten by Patersons to $320,000.

Shareholders with an address in Australia or New Zealand on the Company’s register at the close of business on Monday 14[th] July 2014, will be eligible to participate in the Entitlements Issue (“Eligible Shareholders”).

The Directors reserve the right to place the remaining shortfall at their discretion within three months after the close of the Offer. Eligible Shareholders entitlements pursuant to this Entitlements Issue are non-renounceable and accordingly, they may:

• Take up their rights in full or in part;

• Do nothing; Take up their rights in full and apply for additional new shares

Full details of the Entitlements Issue will be set out in the Prospectus which is expected to be lodged by the Company with ASIC and ASX on Friday 4[th] July 2014.

Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

The Company has decided that it is unreasonable to make the offer to shareholders who have a registered address in a country outside of Australia or New Zealand having regard to the number of shareholders in such places, the number and value of the new shares that would be offered and the substantial costs of complying with the legal and regulatory requirements in those jurisdictions.

The proposed timetable for the Entitlements Issue is as follows:

Lodgement of Prospectus with the ASIC and ASX	4 July 2014
Notice sent to Optionholders and Shareholders	7 July 2014
Ex date	11 July 2014
Record Date for determining Entitlements	15 July 2014
Prospectus sent out to Shareholders & Company announces this has	18 July 2014
been completed
Last day to extend the Offer Closing Date	25 July 2014
Closing Date*	5pm 1 August 2014
Shares quoted on a deferred settlement basis	4 August 2014
ASX notified of under subscriptions	6 August 2014
Issue date/Shares entered into Shareholders’ security holdings	7 August 2014
Quotation of Shares issued under the Offer*	8 August 2014

The above dates are indicative only. Subject to the ASX Listing Rules, the Directors reserve the right to withdraw the offer at any time, close the Entitlements Issue early or extend the Closing Date for the Offer at their discretion. Should the Offer be closed early or extended, there will be consequential effect on the anticipated date for the new shares and New Options.

The Rocky Gully Nickel Copper Project

The Company is primarily exploring for Magmatic Nickel Copper Sulphide Deposits, similar to the Nova-Bollinger deposit (14Mt @ 2.2% Ni, 0.9% Cu) owned and operated by Sirius Resources NL (ASX:SIR) located to the northwest, in the same geological belt.

Managing Director Matt Gauci Commented:

“The capital raising was well supported by existing shareholders and we particularly welcome new shareholders as we explore for Magmatic Nickel Copper Sulphide deposits and evaluate the recently acquired Global Nickel Project database for additional project opportunities, as the Nickel market appears to be moving into deficit, placing upward pressure on the Nickel Price”.

For More Information: Matthew Gauci Managing Director +61 417 417 907