ARK MINES LIMITED — Capital/Financing Update 2011

Sep 20, 2011

ABN 31 123 668 717

21 September 2011

The Manager Companies ASX Limited 20 Bridge Street Sydney NSW 2000

(1 page by email)

SHARE PLACEMENT

The Directors of Ark Mines Ltd ('Ark' or 'the Company') are pleased to advise that the Company has received firm placement commitments from professional and sophisticated investors to raise up to $1,050,000 million before costs, at a price of $0.25 per share.

The funds will be used by the Company to acquire ownership and control of the Masuparia Contract of work (Cow) tenements in Central Kalimantan in Indonesia and to provide working capital.

The project is located in a region well known for copper-gold projects. The Mount Muro, gold project, which has historically produced 1.3 m oz Au, is located 20 kilometres from Masupuria, and the Kelian gold project, which to date has produced 7 million ounces of gold, is in the same region .

The share placement will be made to sophisticated or professional investors within the Company’s 15% placement capacity pursuant to ASX Listing Rule 7.1

Yours sincerely

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Marcelo Mora Company Secretary

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Address: Suite C, Level 4, 140 William St, WOOLLOOMOOLOO NSW 2011 Telephone: 9358 1118 Facsimile: 9358 2218