ARK MINES LIMITED — Capital/Financing Update 2015

Dec 14, 2015

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Mt Port e r MMP Progress R e port

Sydney, 15 December 2015: Ark Mines Ltd (ASX: AHK) is now engaged in undertaking the environmental work necessa r y to procure approval of its Mine Managem e nt Plan (MMP) for the Mt. Porter gold mine in P i ne Creek, Northern Territory.

AHK’s MMP program is on ti m e and on budget.

The company is currently wo r king towards the following timetable:

• submission of the M M P by April 2016;

• approval of the MMP by June 2016; and

• mining Mt. Porter fro m June 2016.

Over the last few weeks, consultants from Northern Resource Consultin g Group (NRC) have been on site undertaking various studies including:

• waste management;

• waste characterisatio n ;

• ground water;

• surface water;

• soils;

• flora and fauna; and

• other necessary studi e s.

AHK’s Managing Director, Ro g er Jackson said:

“The environmental work is p r ogressing well, and we are confident NRC w ill provide a robust Mine Management plan for M t Porter. Work will continue through the wet season with the view of having the job compl e ted at the end of the wet”.

“We will work closely with the Northern Territory Department of Mines a nd Energy and the Northern Territory Environm e ntal Protection Authority, so as to produce a Management Plan that is responsible and robus t .”

Additional work that AHK pla n s to commence in January 2016 includes:

• finalising the Mt. Port e r mining pit design;

• the appointment of a mining contractor to extract and deliver M t . Porter ore to the Union Reef mill; and

• finalising agreements f or road access for the transport of Mt. Port e r Ore.

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Figure 1 NRC Consultants taking water l evel readings at MT Porter

About Ark Mines

AHK is a Sydney based com p any now readying itself for near term gol d production, from assets in the Northern Territ o ry. The company’s aim is to establish itself as a medium level gold producer producing g o ld from tenements in the Northern Te r ritory, developing prospective tenements in th e Northern Territory and New South Wales a n d to acquire other prospective gold mining proj e cts in Australia.

FURTHER INFORMATION: R o ger Jackson, Managing Director, Ark Mines Ltd: +61400 408 550

The information in this announcement t hat relates to Exploration Results, Mineral Resources or Or e Reserves has been compiled by Roger Jackson BSc, Grad D i p Fin Man, Dip Ed, AICD, who is a Member of The Australa s ian Institute of Mining and Metallurgy and who has more tha n five years’ experience in the field of activity being reporte d on. Mr Jackson is a director of the Company. Mr Jackson h a s sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of ‘Australasian Code for R eporting of Exploration Results, Mineral Resources and Or e Reserves’. Mr Jackson consents to the inclusion in the announ c ement of the matters based on his information in the form and context in which it appears.

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