AUSTRALIAN VANADIUM LIMITED — Capital/Financing Update 2014

Apr 2, 2014

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Yellow Rock Resources Limited ABN 90 116 221 740 Address 420 Newcastle Street | West Perth | WA | 6005 Mailing Address PO Box 332 | Leederville | WA | 6903 web www.yellowrock.com.au p (08) 9227 6300 f (08) 9227 6400 e yrrinfo@yellowrock.com.au

3 April 2014

DISPATCH OF NON-RENOUNCEABLE RIGHTS ISSUE OFFER DOCUMENT

Yellow Rock Resources Limited is pleased to announce dispatch today, Thursday 3 April 2014, of the Prospectus for its pro-rata non-renounceable rights issue of one New Share and 1 free attaching option for every one share held at an issue price of $0.01 per New Share to raise up to $3,490,262, as announced on 20 March 2014.

Yours faithfully,

Sydney Chesson Chairman