BARYS RESOURCES LIMITED — Capital/Financing Update 2013

Sep 4, 2013

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COMPLETION OF FIRST TRANCHE OF PLACEMENT SECONDARY TRADING NOTICE

ANNOUNCEMENT

5 September 2013

Mining Group Limited confirms it has today issued the first tranche of its proposed placement of up to 120,000,000 fully paid ordinary shares ( Shares ) at an issue price of $0.025, with one free attaching option ( Option ) for every two shares allotted ( Placement ), as announced on 23 August 2013. The Options will be exercisable at $0.05 on or before 30 June 2015, and will be in the same class as the Company’s existing listed options.

The Company has today issued 28,716,408 Shares utilising its 15% annual placement capacity pursuant to Listing Rule 7.1 to sophisticated investors qualifying under s708 of the Corporations Act 2001 (Cth).

The second tranche will comprise the remaining balance of up to 91,283,592 Shares and all attaching Options and will be issued subject to the receipt of shareholder approval. A notice of meeting will be provided in due course.

Further to today’s issue of 28,716,408 Shares, the Company provides the following notice:

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at 5 September 2013, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at 5 September 2013 there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attaching to the relevant Shares.

SUITE 1, GROUND FLOOR, 83 HAVELOCK STREET WEST PERTH WESTERN AUSTRALIA 6005 TELEPHONE 08 9322 4328 FACSIMILE 08 9322 5230 www.mininggroup.net.au

AUTHORISED BY:

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Shannon Coates Company Secretary

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

Investors

Ronn Bechler Market Eye ronn.bechler@marketeye.com.au 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 and near term production at its Chilean copper project El Roble. Further, it continues to evaluate 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