BARYS RESOURCES LIMITED — Capital/Financing Update 2014

Jun 1, 2014

ASX ANNOUNCEMENT

2 June 2014

Expiry of Listed Options

Perth-based copper developer Mining Group Limited (ASX: MNE) advises that it has been granted a waiver from ASX Listing Rule 6.24 to the extent necessary to permit the Company not to send the notices required by paragraph 6.1 of Appendix 6A in relation to 41,922,230 quoted options exercisable at $0.20 each on or before 1 July 2014 (“MNE Options”). Accordingly, option expiry notices will not be sent to option holders.

The Company provides the following information in accordance with the Listing Rules and the waiver granted by ASX.

• The number of MNE Options to which this notice applies is 41,922,230.

• Each MNE Option entitles the holder to receive on exercise of the option, one fully paid ordinary share in the Company. If all options were exercised, 41,922,230 fully paid ordinary shares would be issued.

• The exercise price of each MNE Option is A$0.20.

• The due date for payment of the exercise price is 5pm (WST) on 1 July 2014.

• If payment is not received by 5pm (WST) on 1 July 2014, the MNE Options will expire with no value and no further entitlement will exist.

• Official quotation of MNE Options will cease on 24 June 2014.

• The latest available market sale price on the Australian Securities Exchange before the date of this notice for fully paid ordinary shares in Mining Group Limited (ASX:MNE) being the underlying securities to which the MNE Options relate to was $0.024 on 2 June 2014.

• The highest and lowest market price for fully paid ordinary shares in Mining Group Limited (ASX:MNE) being the underlying securities to which the MNE Options relate to during the three months immediately before the date of this notice and the respective dates were as follows: - Highest Price: $0.038 on 3 March 2014;

  • Lowest Price: $0.021on 15 May 2014.

• No underwriting agreement exists in respect of the MNE Options.

For further information please contact:

Zeffron Reeves Robert Gundelach Managing Director Investor Relations Mining Group Ltd NWR Communications zreeves@mininggroup.net.au robert@nwrcommunications.com.au P: + 61 8 9322 4328 P: +614 51 896 420

About Mining Group Limited

Mining Group Limited (ASX: MNE) is an Australian-based company that acquires and develops copper and gold projects around the world with a focus on Chile. The Company has an interest in the highly prospective, high grade El Roble Copper Project in Region III of Chile, targeting IOCG-style copper and gold mineralisation. The Company is focused on achieving growth and shareholder value through the development of near-term, small-scale mining operations at El Roble which will enable selffunded growth into the future. El Roble is ideally located 25km from the port of Caldera and within 80km of two copper toll treatment plants within the world class Atacama IOCG region, which has a history of high-grade copper production.

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Mining Group also has an interest in the Comval Copper Project in the Philippines, and its Australian-based projects, Boorara and Teutonic Projects, are prospective for gold and basemetals.

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

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