ARIKA RESOURCES LIMITED — Capital/Financing Update 2015

Mar 2, 2015

==> picture [47 x 49] intentionally omitted <==

==> picture [113 x 26] intentionally omitted <==

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

ASX Code: PLD 3 March 2015

**Admiral

Bay Zinc Project Option Extended**

PLD Corporation Limited ( ASX:PLD ) (“ PLD ” or “ the Company ”) advises that the due diligence, funding and partner discussions on the Admiral Bay Zinc Project are progressing as planned.

Under the Option Agreement with Kagara Zinc Ltd (In Liquidation)(Kagara), the Option Period expires 31 July 2015, and PLD can pay an additional $20,000 per month to maintain the Option Period, which has now been extended by paying $20,000 until 31 March 2015.

As part of the due diligence process and as previously outlined, the Company has worked through a Resource Update, Exploration Target Range, Metallurgical Testwork Review and is now focussed on development options for Admiral Bay, which is due to be completed by the end of March 2015. This due diligence process is continuing and the Company will keep the market informed of progress.

Positive discussions are progressing with a wide range of investors and potential partners to develop the Admiral Bay Zinc Project where consensus exists regarding the upcoming zinc supply shortage and importantly the absence of independent ASX listed companies who wholly own a significant zinc-­‐lead-­‐silver project.

**FOR

MORE INFORMATION:**

Matt Gauci Managing Director T: +61 417 417 907

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