BARYS RESOURCES LIMITED — Capital/Financing Update 2012

Nov 13, 2012

14 November 2012

DRILLING COMMENCES AT TAGPURA NORTH

ASX ANNOUNCEMENT

Mining Group Limited (ASX: MNE) is pleased to announce that diamond drilling has commenced at the newly discovered Tagpura North target at its 80% owned Comval copper-gold project in the Philippines (Comval Project). Tagpura North is a newly discovered copper gold target approximately 1km north of the historic Tagpura East resource (Figure 1).

==> picture [416 x 261] intentionally omitted <==

Figure 2 - Tagpura North channel sample and mineralisation locations and geology.

First pass diamond drilling is designed to test the copper and gold system recently discovered at Tagpura North (announced on 26th October 2012) and it is envisaged that drilling will continue over the next 2 to 3 months.

==> picture [595 x 16] intentionally omitted <==

1

==> picture [343 x 258] intentionally omitted <==

Figure 1 - Drill rig at the collar of NCPDH00001the first hole to be drilled at the Tagpura North target

---

For further information please contact: Zeffron Reeves Managing Director zreeves@mininggroup.net.au P: + 61 8 9322 6424

Media

Investors

Carrie Parsons Ronn Bechler LastSay Communications Market Eye carrie@lastsay.net.au ronn.bechler@marketeye.com.au P: +61-433 472 947 P: +61-400 009 774

About Mining Group Limited

Mining Group Limited (ASX: MNE) 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 develop the Comval Copper Gold Project in the Philippines along with exploring the prospective Western Australian based Boorara, Teutonic and Lake Christopher Projects.

Mining Group has a strong Board and management team with considerable technical, commercial and corporate experience in the resources sector.

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

The information in this report that relates to Exploration Results is based on information compiled by Mr Zeffron Reeves (B App Sc (Hons) (Applied Geology) MBA, MAIG), an employee of the Company. Mr Reeves has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reeves consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

2