AUSTRALIAN MINES LIMITED — Capital/Financing Update 2016

Oct 18, 2016

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19 October 2016

Notice under Section 708A of the Corporations Act

Issue of Placement Shares

Australian Mines Limited ( AUZ ) (ASX: AUZ), has issued 76,372,837 fully paid ordinary shares as announced on 14 October 2016.

This notice is being given under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ).

AUZ advises that:

1. the Shares were Issued without disclosure under Part 6D.2 of the Corporations Act;

2. as at the date of the notice, AUZ has complied with:

   • (i) the provisions of Chapter 2M of the Corporations Act as they apply to AUZ; and

   • (ii) section 674 of the Corporations Act; and

3. as at the date of this notice there is no information that is ‘excluded information’ within the meaning of section 708A(7) and 708A(8) of the Act that is required to be disclosed under s708(6)(e) of the Corporations Act.

ENDS****

For further information:

Shareholders contact:

Benjamin Bell Managing Director Ph: +61 8 9481 5811 E: bbell@australianmines.com.au