ARIKA RESOURCES LIMITED — Capital/Financing Update 2015

Jan 26, 2015

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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

ASX Code: PLD 28 January 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 on 31 January 2015, however PLD has the right to pay an additional $20,000 per month to extend the Option Period, capped at 6 additional months (total of 9 months) until 31 July 2015. This Option Period has been extended by paying $20,000 until 28 February 2015.

As part of the due diligence process and as previously outlined, the Company is currently working through a Resource Update, Exploration Target Range and Metallurgical Testwork Review due to be completed by the end of January 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