AUKING MINING LIMITED — Capital/Financing Update 2011

May 18, 2011

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19 May 2011

Company Announcements Office Australian Securities Exchange

Notice under Section 708A(5)(e) Corporations Act

On 19 May 2011, Chinalco Yunnan Copper Resources Ltd issued 34,172,923 fully paid ordinary shares pursuant to the Capital Raising advised to the ASX on 5 April 2011.

Accordingly the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

The abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

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

• (a) the provisions of Chapter 2M Corporations Act as they apply to the Company; and (b) section 674 Corporations Act; and

1. As at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

For and on behalf of the Board

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JPK Marshall Company Secretary

Phone: (07) 3212 6204 Fax: (07) 3212 6250 Email: admin@cycal.com.au

Mail Address GPO Box 216 Brisbane Qld 4001

Level 5 10 Market St Brisbane Qld 4000