BEACON MINERALS LIMITED — Capital/Financing Update 2013

Oct 21, 2013

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ASX ANNOUNCEMENT

22 October 2013

MILLING AGREEMENT & INTERIM FUNDING

Toll Milling Agreement Executed

Beacon Minerals Limited ( Beacon or the Company ) is pleased to announce that it has entered into a toll milling agreement with FMR Investments Pty Ltd ( FMR ) whereby FMR will process ore produced from Beacon’s 100% owned and operated Halleys East project.

FMR is the owner and operator of the Greenfield’s mill, situated 3 km east of Coolgardie, Western Australia. The mill has provided a first class toll milling facility to the gold industry for over twenty years.

Under the terms of the agreement, Beacon will transport ore mined at Halleys East through Menzies to FMR’s Greenfields mill in Coolgardie. Beacon will pay FMR a fixed toll milling fee per tonne of ore processed.

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FMR investments Pty Ltd , Greenfield’s Mill, Coolgardie WA

Interim Funding from Lamerton Pty Ltd

Lamerton Pty Ltd, a company related to the Company’s Managing Director Graham McGarry has provided an unsecured loan facility to the Company for $200,000. No fees are payable to Lamerton Pty Ltd in relation to the facility and interest on the facility will be levied at the prevailing overdraft interest rate charged by the Bank and reimbursed to Lamerton Pty Ltd at cost.

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

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Should shareholders have any questions regarding Beacon, please feel free to contact Executive Chairman Geoff Greenhill, Managing Director Graham McGarry or Executive Director Marcus Michael.

Geoff Greenhill Graham McGarry Marcus Michael Executive Chairman Managing Director Executive Director Beacon Minerals Ltd Beacon Minerals Ltd Beacon Minerals Ltd M: 0419 991 713 M: 0409 589 584 M: 0418 908 091

4840-0226-4598, v. 2

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