ARIKA RESOURCES LIMITED — Capital/Financing Update 2014

Jan 22, 2014

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

ASX Code: PLD 23 January 2013

Rocky Gully Ni-Cu Option Agreement Extended

PLD Corporation Limited (ASX:PLD) (“PLD” or “the Company”) is pleased to announce the Company has extended its Option Agreement with Heron Resources Limited (ASX:HRR) (“Heron”) over the Rocky Gully Ni-Cu Project in the Albany Fraser Belt, WA.

The Rocky Gully Ni-Cu Project covers 1,200km [2] and is located in the Albany Fraser Belt, WA. The company is exploring for Magmatic Nickel Copper Deposits, similar to the Nova-Bollinger deposit operated by Sirius Resources NL (ASX:SIR) in the same geological belt.

As announced on the 19 [th] August 2013, PLD entered into two (2) binding Option Agreements for an exclusive 12 month period to acquire the Rocky Gully Ni-Cu Project. The Company paid a total of $50,000 cash to secure the Option Agreement(s) and will pay a total of $280,000 to exercise the Option Agreement(s).

The terms of one of the Option Agreements, with Heron, includes:

1. A Non-refundable payment of $20,000 cash for an exclusive 6 month Option (with an additional payment of $30,000 cash for a further 6 month extension) to acquire 90% of the Rocky Gully Ni-Cu Project, which includes EL70/2801, EL70/4457 and EL70/4437.

2. Subject to satisfaction of conditions precedent, at any time during the Option period, PLD can acquire a 90% interest by issuing Heron 28,750,000 fully paid ordinary shares in the Company at a value of $0.008 per share or pay Heron $230,000 cash at PLD’s election.

3. Minimum expenditure of $50,000 per annum

4. Net Smelter Royalty of 1.5% payable to Heron.

The Company has elected to pay Heron $30,000 cash to extend the exclusive Option for a further 6 months, ending 19 [th] August 2014. The Company has also met its minimum expenditure commitments of $50,000 per annum under the agreement.

As announced on the 19 [th] December 2013, PLD completed a field exploration program which included geological mapping and sampling that confirmed two (2) high priority and eight (8) new priority Ni-Cu targets at the Rocky Gully Ni-Cu Project.

Planned work programs for the two (2) high priority targets involve an infill soil sampling program, followed up by closer-spaced Ground EM survey, and a 2000m RC drilling program.

The drilling program in particular, will be seeking to extend known Ni-Cu mineralisation, penetrate shallow geophysical targets and to evaluate if magmatic fractionation processes are evident as drivers for magmatic Nickel Copper sulphide mineralization similar to the NovaBollinger discovery.

For More Information:

Matthew Gauci Managing Director +61 417 417 907

David Waterhouse Investor Relations +61 407 880 937