ASARA RESOURCES LIMITED — Capital/Financing Update 2013

Aug 4, 2013

ASX/Media Announcement

5 August 2013

Golden Rim Receives New Funds

Golden Rim Resources Ltd ( Golden Rim and Company, ASX: GMR) today announced it has completed a placement of 85 million fully paid ordinary shares in the Company at an issue price of 2.2 cents per share to raise $1.87 million (before costs) ( Placement ).

Paterson Securities Limited and Melbourne Capital Limited acted as joint lead managers to the Placement. Shares under the Placement were issued under the Company’s 15% placement capacity under ASX Listing Rule 7.1 and accordingly shareholder approval will not be sought.

The funds raised will enable Golden Rim to undertake further work at the Balogo Project. Golden Rim has outlined a high grade Inferred Resource at the Netiana Lodes (Balogo Project) of 850,000 tonnes at 6.8 g/t gold for 185,000 ounces of gold. Golden Rim has also completed a scoping study on the Netiana Lodes which indicates that the resource can support a robust, high margin, low capital cost, open pit mine development. Primarily, the further work to be undertaken at Balogo will consist of reverse circulation drilling of the new gold anomalies identified at Balogo; diamond drilling at Netiana to update the current resource estimate; commencement of a bankable feasibility study and environmental studies; and working capital.

Golden Rim is pleased that it has secured funds to continue to progress work at Balogo. Currently, it is a difficult market for junior explorers to raise capital and the Company is grateful for this support. Golden Rim is well placed to continue to work towards its vision of becoming a producer.

Shares issued under the Placement will rank equally with existing shares.

This announcement effects the end of the Company’s voluntary suspension.

-ENDS-

For further information, please contact:

Hayley Butcher

Golden Rim Resources Company Secretary +61 8 9481 5758

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Further Company Information

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

Capital Structure

Issued Shares: 568,006,923 Unlisted Options: 33,650,000

Major Shareholders

Royal Group, Abu Dhabi 9.59% Rick Crabb 5.6%

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

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