ASPIRE MINING LIMITED — Capital/Financing Update 2015

May 18, 2015

Aspire Mining Limited

ABN: 46 122 417 243 Suite B3, 431-435 Roberts Road Subiaco WA 6008 PO Box 1918 Subiaco WA 6904 Tel: (08) 9287 4555 Fax: (08) 9388 1980

ASX RELEASE

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Web: www.aspiremininglimited.com Email: info@aspiremininglimited.com

For Immediate Release – 19 May, 2015

Aspire Welcomes Agreement on the Oyu Tolgoi Underground Mine Development and Financing Plan

Aspire Mining Limited (ASX: AKM, the “ Company ” or “ Aspire ”) welcomes the announcement that Rio Tinto, Turquoise Hill Resources and the Government of Mongolia have signed the Oyu Tolgoi Underground Mine Development and Financing Plan (“Plan”). The Plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project.

The Plan represents a key milestone for Mongolia and confirms the country as an attractive jurisdiction for large scale capital investment. Aspire expects the Plan will also act as catalyst for further foreign investment. The announcement of the Oyu Tolgoi Investment Agreement in October 2009 itself facilitated substantial investment and growth in the Mongolian economy.

Oyu Tolgoi is located in the South Gobi region of Mongolia and is a world class copper-gold mine with some US$6 billion invested to date.

The Company is not a party to the Plan. For further information, refer to the announcements on the Turquoise Hill Resources and Rio Tinto web sites.

Aspire’s Managing Director Mr David Paull said that “the timing of this announcement is fortuitous given that Aspire is currently conducting a prospectus based capital raising seeking to raise up to AUD$6m. The raising will close on 29 May 2015.”

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For more information contact:

Corporate David Paull Aspire Mining Ltd +61 8 9287 4555 Managing Director

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