BEACON MINERALS LIMITED — Capital/Financing Update 2012

Oct 24, 2012

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ASX ANNOUNCEMENT

25 October 2012

BEACON MINERALS ENTITLEMENT ISSUE

Further to the 24 October 2012 ASX announcement, Beacon Minerals Limited (ASX:BCN) is pleased to confirm that the following shares and options were allotted and dispatched today:

Ordinary shares applied for under the Entitlement Issue 181,185,596 Options issued in conjunction with the Entitlement Issue 181,185,596

After the allotment of the above ordinary shares and options the Company will have the following shares on issue:

Fully Paid Ordinary Shares 1,176,259,022 Options exercisable at $0.005 on or before 30 September 2015 181,185,596

The Board is currently finalising the Shortfall and will be allotting and dispatching the Shortfall over the coming days.

For more information contact:

Sarah Shipway Company Secretary Beacon Minerals Limited P: 08 9322 6600

BEACON MINERALS LIMITED ACN 119 611 559 Kalgoorlie Office 144 Vivian Street, Boulder, WA 6432 Registered Office Level 1, 115 Cambridge Street, PO Box 1305, West Leederville, WA 6007 Website www.beaconminerals.com Phone 08 9322 6600 Facsimile 08 9322 6610