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AUREKA LIMITED Capital/Financing Update 2012

Oct 7, 2012

64352_rns_2012-10-07_d0ad7a36-ad46-40bf-b961-8c9e39ffd28d.pdf

Capital/Financing Update

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==> picture [596 x 71] intentionally omitted <==

ASX Announcement

8 October 2012

Navarre Minerals Limited

Lapse of Unlisted Options

ABN 66 125 140 105

ASX Code: NML

Navarre Minerals Limited (ASX Code: NML) advises that 66,667 unlisted options lapsed on 5 October 2012.

Corporate Details

Issued capital: 55.8M ordinary shares 2.3M unlisted options

Directors & Management: Kevin Wilson (Non-Executive Chairman)

Geoff McDermott (Managing Director)

John Dorward (Non-Executive Director)

Colin Naylor (Non-Executive Director)

Jane Nosworthy (Company Secretary)

Wessley Edgar (Exploration Manager)

Contact Details

Geoff McDermott Managing Director

Navarre Minerals Limited 40 – 44 Wimmera Street Stawell VIC 3380 Australia

The options have lapsed in accordance with the terms of the Company’s Option Plan, as they were not exercised by the option holder (a former employee of the Company) within 90 days of the cessation of his employment.

The following tables provide a summary of quoted and unquoted securities as at the date of this announcement:

Quoted Securities

Number & class of all securities quoted on ASX:

Number Class
43,449,881 Ordinaryshares

Unquoted Securities

Number & class of all securities not quoted on ASX:

Number Class Exerciseprice
12,379,722 Ordinaryrestricted(expires 31/3/13) N/A
1,500,000 31/12/14 options 20 cents
650,000 31/12/14 options 25 cents
150,000 31/12/16 options 30 cents

- ENDS -

PO Box 385 Stawell VIC 3380 Australia

Jane Nosworthy Company Secretary E: [email protected] T: + 61 (0)3 5358 8625

Tel: +61 (0)3 5358 8625

Email: [email protected] Website: www.navarre.com.au

Navarre Minerals Limited 40-44 Wimmera Street (PO Box 385), Stawell VIC 3380 Australia Tel: +61 (0)3 5358 8625 www.navarre.com.au