AUREKA LIMITED — Capital/Financing Update 2015

Jan 5, 2015

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ASX Announcement

6 January 2014

Navarre Minerals Limited

ABN 66 125 140 105 ASX Code: NML

Corporate Details

Issued capital:

72.6M ordinary shares 2.07M 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

Lapse of Options

Navarre Minerals Limited (ASX Code: NML) advises that the following unlisted options over fully paid ordinary shares in the Company lapsed on 1 January 2015 in accordance with their terms:

• 1,500,000 employee options exercisable at 20 cents each; and

• 650,000 employee options exercisable at 25 cents each.

Below is a summary of the Company’s quoted and unquoted securities, following the lapse of the options referred to above:

	Number	Class	Exercise price
	Quoted Securities
	72,607,653	Ordinary shares	N/A
	Unquoted Securities
	250,000	31/12/15 options	25 cents
	400,000	31/12/15 options	30 cents
	400,000	31/12/15 options	35 cents
	300,000	31/12/16 options	30 cents
	40,000	30/06/17 options	30 cents
	400,000	31/12/17 options	15 cents
	100,000	31/12/17 options	15 cents
	175,000	31/12/18 options	10 cents

- ENDS -

PO Box 385 Stawell VIC 3380 Australia

Tel: +61 (0)3 5358 8625

For further information, please visit www.navarre.com.au or contact:

Geoff McDermott Managing Director E: info@navarre.com.au T: +61 (0)3 5358 8625

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

Navarre Minerals Limited | ABN 66 125 140 105 40 - 44 Wimmera Street | PO Box 385 | Stawell VIC 3380 Australia t +61 3 5358 8625 e info@navarre.com.au | w navarre.com.au