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AUKING MINING LIMITED Capital/Financing Update 2009

Aug 31, 2009

64355_rns_2009-08-31_8b91a76d-e81f-4f39-895f-0c8e0e25acd5.pdf

Capital/Financing Update

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ASX/Media Announcement

1 September 2009

ASX Announcement

Notice to Option Holders

The attached letter has today been dispatched to all Option Holders of China Yunnan Copper Australia Limited.

Paul Marshall Company Secretary

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Mail Address Level 5 GPO Box 5268 60 Edward St Brisbane Qld 4001 Brisbane Qld 4000

ABN 29 070 859 522 Phone: (07) 3303 0653 Fax: (07) 3303 0601 Email: [email protected]

1 September 2009

Dear Optionholder

China Yunnan Copper Australia Limited – Notice to Option Holder

The option register for China Yunnan Copper Australia Limited ( Company ) indicates that you are the holder of options to acquire ordinary shares in the capital of the Company ( Options ).

In accordance with the terms of issue of the Options, notice is given that the Company intends to undertake a non-renounceable pro-rata rights issue of new shares ( Rights Issue ), available for subscription by existing holders of ordinary shares in the Company on the basis of 2 new share for every 5 existing share held in the Company ( New Shares ). The New Shares are to be at an issue price of $0.15 per New Share.

As an Option Holder, you are permitted to participate in the issue of New Shares under the Rights Issue only in the event that you exercise your existing Options prior to the record date selected by the Company for determining entitlements to participate in the New Share issue, being Tuesday, 15 September 2009 at 7.00pm (Brisbane time) ( Record Date ).

The Rights Issue is being made without a disclosure document, under the exemption granted in section 708AA of the Corporations Act 2001 (Cth). Accordingly, the Company will prepare and send an offer document for the Rights Issue to all eligible shareholders on 21 September 2009.

Yours faithfully

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Paul Marshall Company Secretary China Yunnan Copper Australia Limited

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