ASARA RESOURCES LIMITED — Capital/Financing Update 2014

Oct 30, 2014

ASX/Media Announcement 31 October 2014

Not for distribution to United States newswire services or for dissemination in the United States.

Sprott Capital Raising Completed

Golden Rim Resources Ltd (ASX: GMR, Golden Rim ) today announced that the Sprott capital raising has been successfully completed. Under the Finder’s Agreement (previously announced on 10 September 2014), final subscriptions from investors amounted to 238,765,000 fully paid ordinary shares in the Company ( Shares ) at A$ 0.011 per Share raising A$2,626,415 (before costs) ( Capital Raising ). For every two Shares to be issued under the Capital Raising, investors will receive one unlisted option to purchase a further Share at an exercise price of A$0.0165 until the third anniversary of issuance.

Following shareholder approval received on 30 October 2014, the Company has issued the Shares and options.

-ENDS-

This announcement does not constitute an offer of securities for sale in the United States of America. These securities may not be offered or sold in the United States absent registration or an exemption from registration.

For further information, please contact:

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

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

55661v1

==> picture [595 x 85] intentionally omitted <==

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

Page | 2

55661v1