CANNINDAH RESOURCES LIMITED — Capital/Financing Update 2012

Nov 7, 2012

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8 November 2012

Company Announcements Office ASX Limited

Re: Section 708A Cleansing Statement

Planet Metals Limited ( Company ) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act and ASIC Class Order 09/425 that it will make an offer to eligible shareholders on 9 November 2012 to issue ordinary fully paid shares in the Company under the Share Purchase Plan ( Share Purchase Plan ) without disclosure to investors under Part 6D.2 of the Corporations Act.

The Company states that this notice is given in accordance with CO 09/425 and in particular, paragraph 7(f)(ii) of CO 09/425 which requires that the Company give this notice to ASX within the 24 hour period before the Share Purchase Plan offer is made.

The Company also states, that as at the date of this notice:

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• it has complied with the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act ; and

• it is not aware of any excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.

For further information please contact Mr John Haley, Company Secretary, on 07 3249 3080, alternatively visit the Company’s website at www.planetmetals.com.au.

Yours faithfully

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Mr John Haley Company Secretary

71 Lytton Road (Cnr Stafford St), East Brisbane Qld 4169 GPO Box 122, Brisbane Qld 4001

T 61 7 3249 3080 F 61 7 3249 3081 ABN 35 108 146 694

SPP First Cleansing Statement Nov12.doc