BARYS RESOURCES LIMITED — Capital/Financing Update 2011

Oct 3, 2011

PRO‐RATA NON‐RENOUNCEABLE RIGHTS ISSUE – TIMETABLE CORRECTION

ANNOUNCEMENT

4 OCTOBER 2011

F u rther to the annou n cement e arlier today by Mining Grou p Limited ( A SX:MNE) (“Mining G roup” o r “the C ompany” ) of the pro-rata non-ren o unceabl e rights issue of a pproxima t ely 6,512, 5 00 new o ptions ex e rcisable a t $0.20 e a ch on or before 1 J uly 2014 ( “ New Options”) on the basis of one Ne w Option f o r every f o ur Mining Group sh a res held b y shareh o lders at t h e Record Date at a n issue price of $0 . 01 per N e w Option (“Rights Issue”) ple a se be a d vised th a t the indi c ative ti m etable for the Rig h ts Issue has been c orrected s uch that t he ex-da t e (date s h ares quo t ed ex-rig h ts) is 7 O c tober 2011, rather t h an 6 Oct o ber 2011.

Please see the corr e cted indi c ative timetable fo r the Rights Issue ( w hich is s u bject to c hange) s e t out belo w *:

E vent	Date
A nnouncem ent of Offe r	4 Octobe r 2011
L odgement of Prospec tus with the ASIC	4 Octobe r 2011
N otice to Sh areholders	4 Octobe r 2011
E x-Date	7 Octobe r 2011
R ecord Dat e for determ iningShar eholder ent itlements	13 Octob er 2011
O peningDa te and des patch of P rospectus to Sharehold ers	18 Octob er 2011
C losingDat e of Offer	2 Novemb er 2011
O ptionsquo ted on ad eferred set tlement ba sis	3 Novemb er 2011
A llotmenta nd despatc h of holdin gstatemen ts	10 Novem ber 2011

Dates sub_ _j ect to ch_ _a nge and indicative_ _o nly. The Company r_ _e serves the right to a_ _m end this ti_ _m etable, i_ _n cluding, s_ _u bject to t_ _h e Corporations Act 2001 (Cth) a nd the Lis_ _t ing Rules_ _o f ASX, to extend the_ _C losing Dat_ _e* .

A UTHORISE D BY:

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S h annon C o ates C ompany S ecretary

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173 MOUNTS BAY ROAD PERTH WESTERN AUSTRA LIA 6000 TELEPHONE 08 9322 6424 FA CSIMILE 08 9322 6778 www.m ininggroup.net.au

Contact:

Andrew Maurice Managing Director amaurice@mininggroup.net.au

P: + 61 8 9322 6424 M: 0410 642 660

Level 1, 173 Mounts Bay Road PERTH WA 6000

About Mining Group Limited

Mining Group Limited (ASX: MNE) (“Mining Group” or “the Company”) is an ASX listed, Australian based exploration company established to explore, evaluate and acquire commercially significant resource projects in Australia and overseas.

Mining Group seeks to increase shareholder wealth by prudent exploration of its prospective Western Australian based Boorara, Teutonic and Lake Christopher Projects and by identification and evaluation of potential new mineral projects and opportunities in Australia and overseas suitable for acquisition and development by the Company. Mining Group has a strong Board and management team who collectively have considerable technical, commercial and corporate experience in the resources sector.

For more information visit the Mining Group website at www.mininggroup.net.au