BOA RESOURCES LTD — Capital/Financing Update 2013

Mar 13, 2013

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14 March 2013

Australian Securities Exchange Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Attention: Fiona Murphy

Dear Fiona

Re: Option Issue Shortfall

Pursuant to the Company’s Option entitlement issue Prospectus dated 7 February 2013 we confirm that the amount of the shortfall was 486.142 options.

In accordance with the provisions of the Prospectus the directors will now place the shortfall at their discretion.

Yours faithfully

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Clarke Dudley Managing Director

Boadicea Resources Ltd. ACN 149 582 687 Suite 2, 25 Koornang Rd. Carnegie, Victoria 3163 Australia. Phone: +61 3 95693467 Fax: +61 3 95723762 E: cdudley@access.net.au