AUREKA LIMITED — Capital/Financing Update 2012

Jul 10, 2012

11 July 2012

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ASX Announcement

Navarre Minerals Limited

Lapse of Unlisted Options

ABN 66 125 140 105

ASX Code: NML

Corporate Details

Issued capital: 55.8M ordinary shares 2.37M unlisted options

Navarre Minerals Limited (ASX Code: NML) advises that 233,333 unlisted options lapsed on 6 July 2012. The options have lapsed in accordance with the terms of the Company’s Option Plan as the option holder has ceased to be an employee of the Company.

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)

A further 66,667 unlisted options held by the same employee, which have already vested, will lapse if not exercised within 90 days of the date on which the option holder ceased to be an employee of the Company.

The following tables provide a summary of quoted and unquoted securities as at 11 July 2012:

Quoted Securities

Number & class of all securities quoted on ASX:

	Number	Class
	43,449,881	Ordinaryshares

Contact Details

Unquoted Securities

Geoff McDermott Managing Director

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

PO Box 385 Stawell VIC 3380 Australia

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
	66,667150,000	12/5/17 options31/12/16 options	25 cents30 cents

Tel: +61 (0)3 5358 8625

- ENDS -

Email: info@navarre.com.au Website: www.navarre.com.au

Jane Nosworthy Company Secretary E: info@navarre.com.au T: + 61 (0)3 5358 8625

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