BARYS RESOURCES LIMITED — Share Issue/Capital Change 2012

Sep 12, 2012

SHORTFALL SHARES ISSUED PURSUANT TO PRO-RATA RENOUNCEABLE ENTITLEMENT ISSUE

ANNOUNCEMENT

13 SEPTEMBER 2012

Further to its announcement on 7 September 2012, Mining Group Limited (ASX:MNE) (“Mining Group” or “the Company”) confirms that it has today issued the underwritten shortfall shares pursuant to its pro-rata renounceable entitlement issue of up to approximately 50,202,344 new shares on the basis of one new share for every one share held by shareholders on the record date at an issue price of $0.10 per new share (“Entitlement Issue”).

Following receipt of cleared funds, the Company has today allotted shortfall of 14,870,634 new shares, in accordance with the Underwriting Agreement.

In accordance with the Corporations Act, the Directors reserved the right to place the remaining shortfall of 25,202,344 New Shares within 3 months of the closing of the Entitlement Issue.

The issued capital of the Company following the share allotment is as follows:

Fully paid ordinary shares	75,202,3441
Listed Options exercisable at $0.20 each on or before 1 July 2014	Up to34,422,2302
Unlisted Options exercisable at $0.20 each on or before 1 July 20141	1,500,0003
Options exercisable at $0.55 each on or before 28 February 2014	400,000
Options exercisable at $0.60 each on or before 1 April 20152	300,0004
Options exercisable at $0.60 each on or before 14 May 2015.	50,000

1 10,915,625 Shares escrowed to 1 July 2013 and 2,600,000 Shares escrowed to 17 January 2014; 2 21,922,230 Listed Options on issue; 12,500,000 Listed Options to be issued to sub underwriters to the Entitlement Issue, pursuant to shareholder approval to be sought on 18 September 2012. 3 Escrowed until 1 July 2013.

4 Escrowed until 1 April 2013.

GROUND FLOOR, 3 RICHARDSON STREET, WEST PERTH, WESTERN AUSTRALIA 6005 TELEPHONE 08 9322 6424 FAX 08 9486 1258 www.mininggroup.net.au

AUTHORISED BY:

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Shannon Coates Company Secretary Contact:

Zeff Reeves Managing Director

P: + 61 8 9322 6424

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

www.mininggroup.net.au

GROUND FLOOR, 3 RICHARDSON STREET, WEST PERTH, WESTERN AUSTRALIA 6005 TELEPHONE 08 9322 6424 FAX 08 9486 1258