ASF GROUP LIMITED — Capital/Financing Update 2012

May 10, 2012

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ActivEX Limited. A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288 E: admin@activex.com.au

ASX Release – 11 May 2012

ACTIVEX WELCOMES NEW CORNERSTONE INVESTOR 15 % PLACEMENT COMPLETED

ActivEX Limited ( ASX: AIV ) is pleased to announce a new cornerstone investor following a private share placement to ASF Group Limited, an ASX listed company ( ASX: AFA ).

ActivEX Managing Director Mr Doug Young, announcing the placement today said “We welcome the ASF Group Limited as a cornerstone investor taking up a 15% share placement at a premium to the market, which recognises the potential of the Company’s projects for future development. ASF has a good track record matching Australian resource projects with Chinese investment”.

Placement

The Company has issued 24,794,398 new fully paid ordinary shares ( Placement Shares ) at an issue price of 2.7 cents per share, to raise gross proceeds of $669,448.75 ( Placement ).

The issue price is at a healthy premium to recent trading.

The share placement represents 15% of the existing issued capital and gives ASF a shareholding of 13.04% in the Company after the Placement. Ms. Min Yang, Chairman, of ASF Group Limited has been invited to join the ActivEX Board of directors. Ms. Min Yang has extensive business connections in the Asia Pacific region especially greater China and has over twenty years of hands-on experience dealing with both private and state-run businesses in China. Over the years, Min Yang has been involved in transactions in a range of sectors including resources, property, travel and financial investment.

Use of funds

Funds raised from the Placement will be principally used to advance exploration drilling at the Company’s Selwyn and Florence copper-gold-cobalt projects in the Cloncurry district, continue exploration work on the Barambah high grade gold-silver deposit north-west of Gympie and for working capital.

Cleansing Statement

In relation to the Placement described above, ActivEX Limited also gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) that:

1. The Placement Shares were issued without disclosure to investors under Part 6D of the Act;

2. As at the date of this notice, the Company has complied with:

3. i. the provisions of Chapter 2M of the Act as they apply to the Company; and

4. ii. section 674 of the Act; and

5. As at the date of this notice, there is no information to be disclosed which is excluded information as defined in section 708A (7) of the Act which it would be reasonable for investors and their professional advisors to expect to find in a disclosure document.

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Background on ActivEX Limited

ActivEX Limited ( ASX: AIV ) is a mineral explorer based in Brisbane with substantial exploration tenement packages in Queensland and an advanced potash project in W.A.

In the Cloncurry district, Queensland, the Company has reported significant intersections of copper-gold and cobalt mineralization at its Florence Project and is moving towards establishing JORC resources in the area. Outside the Florence Project, it has extensive holdings in this district including a newly granted EPM at Selwyn East, close to significant new developments at Merlin and advanced projects at Mt Dore and Mt Elliott.

At Barambah in the Gympie district of eastern Queensland, the Company has intersected very high grade gold-silver mineralization within an epithermal vein system and proposes to carry out additional drilling in 2012 to test the zone at depth, prior to establishing resources.

Also in the Gympie area the Company has a joint venture at Esk Trough with PNG explorer Coppermoly Limited, which has a right to earn a 70% interest in the project by spending $6M over 6 years. The joint venture is targeting porphyry style copper-gold mineralisation with significant intercepts in the area including 88 metres @ 0.47% copper and 0.49g/t gold.

In W.A., ActivEX owns the Lake Chandler potash project defined by a granted mining lease. The Company has completed a scoping study to investigate both the deposit and optimal methods of extraction of the potash minerals. The study has been extended to identify ways of simplifying the process flow sheet to reduce capital and operating costs.

Background on ASF Group Limited

The ASF Group is a new driving force in strategic investment between China and Australia. The company is an ASX listed Australian Company ( ASX: AFA ).

ASF is unique among ASX-listed public companies in Australia as a creator and facilitator of two-way cross-border investments, trade and technology transfers between China and Australia.

Since its transformation into a Sino-Australian investment and trading house in 2006, ASF has focussed principally on the identification, incubation and realisation of embryonic opportunities in the resources, commodities trading and residential real estate sectors, with a secondary involvement in travel and financial services.

With the successful monetisation of several of its projects in 2011, ASF now has proven expertise in the transformation of early-stage Australian resource opportunities into deliverable projects through joint venturing with its expanding network of major Chinese mining, trading and strategic investor partners.

For further information contact: Mr Doug Young, Managing Director or Mr Paul Crawford, Company Secretary Tel: (07) 3236-4188 Fax: (07) 3236-4288 Email: admin@activex.com.au Web: www.activex.com.au

The information in this report that relates to exploration results is based on information compiled by Mr D. I. Young, who is a Fellow of the Australian Institute of Geoscientists. Mr Young is a full-time employee of ActivEX Limited and has sufficient experience relevant to the styles of mineralisation and types of deposit under consideration and the activities being undertaken to qualify as a Competent Person as defined by the most recent Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Young consents to the inclusion of his name in this report and to the issue of this report in the form and context in which it appears.

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