ASARA RESOURCES LIMITED — Capital/Financing Update 2013

Dec 30, 2013

ASX/Media Announcement

31 December 2013

Placement of Securities to Acorn Capital Limited

Golden Rim Resources Ltd ( Golden Rim or Company , ASX:GMR) today announced that it had completed a placement of 50 million shares in the Company with an attaching option for each share issued to Acorn Capital Limited ( Acorn ). The placement was made at an issue price of 1 cent per share to raise A$500,000. Details of each option are as follows:

Option Price: Nil Expiry date: 30 June 2015 Exercise Price: 1.5 cents each

Securities under the placement were issued under the Company’s placement capacity under ASX Listing Rule 7.1 and accordingly shareholder approval will not be sought. The options will not be quoted on the Australian Securities Exchange.

The funds raised by the placement will enable Golden Rim to continue its bankable feasibility and environmental studies at the Balogo Project. The funds will also be used for working capital.

As previously announced, Golden Rim has also signed an Indicative Terms Sheet with RMB Resources Limited ( RMB Resources ) for RMB Australia Holdings Ltd to provide up to A$4 million to fund the completion of the Company’s bankable feasibility study for the Balogo Project. RMB Resources is currently completing its due diligence investigations and a final decision is expected in early 2014.

In the past fortnight, Golden Rim has been approached by several other parties also interested in funding the feasibility study at Balogo. These parties have commenced the due diligence process. The Company will assess the various alternatives to determine the best funding option for the Balogo Project.

. Following the placement, Acorn is now a substantial shareholder in the Company and has become the largest shareholder of Golden Rim.

Golden Rim’s Managing Director, Craig Mackay, said “We welcome Acorn in becoming the largest investor in Golden Rim and also thank it for showing confidence in the Company’s portfolio of assets and our strategy in moving forward to becoming a producer in the near future”.

-ENDS-

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 8 9481 5758 I F + 61 8 9481 5759

==> picture [595 x 88] intentionally omitted <==

==> picture [1 x 2] intentionally omitted <==

----- Start of picture text ----- F----- End of picture text -----

For further information, please contact:

Hayley Butcher Golden Rim Resources Ltd Company Secretary +61 8 9481 5758

Further Company Information

E: info@goldenrim.com.au W:goldenrim.com.au

Share Registry

Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 AUSTRALIA

T: + 61 8 9315 2333 F: + 61 8 9315 2233 E: registrar@securitytransfer.com.au W: securitytransfer.com.au

Page | 2