BARYS RESOURCES LIMITED — Capital/Financing Update 2011

Jun 28, 2011

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ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

29 June 2011

SATISFACTION OF CONDITIONS PRECEDENT TO FARMIN AND JOINT VENTURE AGREEMENTS

Mining Group Limited (“Mining Group” or “the Company”) confirms that it has completed all conditions precedent to the Farmin and Joint Venture Agreements detailed in the Company’s prospectus dated 6 May 2011.

Boorara Farmin and Joint Venture Agreement

Mining Group has satisfied the following conditions precedent pursuant to the Boorara Farmin and Joint Venture Agreement between the Company and Clinton Dean Hood (“Hood”), dated 4 May 2011 and as described in the Company’s Prospectus dated 6 May 2011:

• Payment to Hood the sum of $20,000 by way of reimbursement for past expenditure in relation to the Boorara tenements;

• Issue of 100,000 ordinary shares

Teutonic Farmin and Joint Venture Agreement

Mining Group Limited has satisfied the following conditions precedent pursuant to the Teutonic Farmin and Joint Venture Agreement between the Company and Sammy Resources Pty Ltd (“SRPL”), dated 4 May 2011 and as described in the Company’s Prospectus dated 6 May 2011.

• payment to SRPL the sum of $2,000 by way of reimbursement for past expenditure in relation to the Teutonic tenements;

• issue of 50,000 ordinary shares to SRPL.

Yours faithfully

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SHANNON COATES Non-Executive Director/Company Secretary

173 MOUNTS BAY ROAD PERTH WESTERN AUSTRALIA 6000 TELEPHONE 08 9322 6424 FACSIMILE 08 9322 6778

www.mininggroup.net.au