BUXTON RESOURCES LIMITED — Capital/Financing Update 2014

Jul 1, 2014

2[nd] July 2014

ASX Release

DRILLING PROGRAM UPDATE - YALBRA GRAPHITE PROJECT

Buxton Resources Limited (ASX: BUX & BUXO) has successfully completed its recent RC & diamond drilling program at the Yalbra Graphite Project. Samples have been despatched for laboratory analysis and results will be released as soon they are available.

In addition, Buxton has applied for a further exploration licence of 93km[2 ] covering the area to the east, along strike from the Main Zone. The new application provides Buxton with access to 35 kilometres of prospective strike length that includes several prospects with graphite mineralisation identified at surface.

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Figure 1: Tenement map showing existing and new Yalbra tenements.

The Yalbra Graphite Project is located ~250km North West of Meekatharra and ~280km east of Carnarvon, Western Australia. It consists of four tenements covering a combined area of 566km[2] .

The Yalbra Main Zone contains an Inferred resource estimate to JORC Code reporting standards of 2.27 million tonnes @ 20.1% TGC (ASX announcement 25[th] February 2014). This is the highest reported grade graphite resource in Australia.

For further information regarding Buxton Resources Limited please contact:

Anthony Maslin

Managing Director amaslin@buxtonresources.com.au

PO Box 9028 Subiaco WA 6008

Suite 1, First Floor 14-16 Rowland Street Subiaco WA 6008

Tel: 08-9380 6063 Fax: 08-9381 4056

www.buxtonresources.com.au info@buxtonresources.com.au