ARK MINES LIMITED — Capital/Financing Update 2015

Mar 12, 2015

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Update on M t. Porter project and Frances Creek prospects

Sydney, 13 March 2015: The B o ard of Ark Mines Ltd (ASX: AHK) is pleased to a n nounce that further progress has been made concer n ing AHK’s project and prospects in the Norther n Territory.

AHK continues its steady prog r ess towards mining gold in the Northern Territory, as soon as is practicable. In particular, AHK:

• has now engaged a m e tallurgical laboratory to undertake gold recov e ry test work on Mt. Porter ore from previo u sly drilled core samples (Mt. Porter Testing). R esults from the Mt. Porter Testing is expect e d within the next 6 weeks;

• � is continuing discussio n s to access a nearby gold processing plant f or the purposes of processing the Mt. Porter ore. The Mt. Porter Testing will play a n important role in evaluating the suitability of nearby plant for Mt. Porter refractory ore and also determine the viability of AHK fina n cial modelling;

• is actively engaged in locating and securing access to other ore bodies with a view to supplying additional feed to support the AHK plant access strategy;

• � has engaged a resourc e geologist to undertake a resource study of Golden Honcho and Golden Slips prospects at Frances Creek with a view to developing a 2 012 JORC resource. This work is expected t o be completed within 4 weeks; and

• � is currently finalising its plans for the next phase of work to be underta k en at Frances Creek pursuant to the Farmin agreement with Arafura Resources Ltd (Farmin Agreement) through which AHK shall earn a 4 0% interest in relevant Arafura gold assets and then be in a position to elect to either spen d further funds to earn a further 30% interest in such assets or to exercise an option to ac q uire 100% of those gold assets.

Concerning the Farmin Agreem e nt:

• the exploration licence in Retention 116 and exploration licence 23 2 37 have now been renewed, each for a fu r ther period of 2 years up to 11 September an d 7 December 2016, respectively; and

• various consent docum e nts contemplated in the Farmin Agreement, h a ve been assessed as not liable for stamp du t y and, along with the Farmin Agreement, are now in the process of being registered against relevant tenement titles.

About Ark Mines

Ark Mines Ltd (ASX: AHK) is a publicly listed company with Gold Tenements in N o rthern Territory and New South Wales. Ark’s two Ex p loration Licences (ELs) in New South Wales (NS W ) both lie within the Lachlan Fold Belt. This area is t h e focus for significant Exploration in NSW and t h e epicentre of many major poly metallic and preciou s metal mines.

FURTHER INFORMATION: Roge r Jackson, Managing Director, Ark Mines Limite d : +61400 408 550

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