BLAZE MINERALS LIMITED — Capital/Financing Update 2014

Sep 4, 2014

ASX ANNOUNCEMENT

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05 S eptember 2 014

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BLAZE FULLY FUNDED FOR BARKLY DRILLING

Bla z e International Limited is pleased t o advise th a t it has en t ered into a Convertibl e Note Tru s t Deed to r a ise up to $ 1 .25 million f rom sophis t icated and p rofessional investor cli e nts of CP S Capital Group. The D eed will guarantee that the Co m pany is ful l y funded f o r the exp l oration and drilling of its Barkly Proj e ct at Tenna n t Creek.

Un d er the term s of the Dee d , the Comp a ny may iss u e convertibl e notes with a face valu e of up to $1.25 million.

The material ter m s of the convertible no t es to be iss u ed under th e Deed are a s follows:

• (a) F a ce value: $ 0 .0008; (b) Int e rest Rate: flat rate of 10%;

• (c) Ma t urity Date: 6 months fro m the date o f issue;

• (d) Se c urity: The notes are un s ecured;

• (e) Conversion: at the election of the hold e r into ordin a ry shares o n a one for o n e basis; an d

• (f) Co n ditions: th e convertibl e notes are only conv e rtible into s hares after s h areholder a p proval has b een obtain e d in general meeting.

The Company proposes t o call a ge n eral meeti n g to seek shareholder approval f o r the con v ersion of th e notes into shares.

The Company i n tends to us e the funds r a ised from t h e issue of t h e convertib l e notes to finance its current field w orking program at its B a rkly Project.

Norman Grafton Company Secretary Blaze International Limited

Blaze International Limited ( A BN 15 074 7 2 8 019) 1st Floo r , 8 Parliamen t Place, West P erth, WA 600 5 • PO Box 1618, West Perth, WA 6872 t: +61 8 9481 7833 • f: +61 8 9481 7835 • www.blazelimited.com.a u