CAPRICORN METALS LTD — Share Issue/Capital Change 2013

Dec 5, 2013

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6[th] December 2013

Market Announcements Platform Australian Securities Exchange

Dear Sir

NOTICE GIVEN UNDER SECTION 708A(5) OF THE CORPORATIONS ACT

Malagasy Minerals Limited refers to the Appendix 3B – Application for Listing issued on 6[th] December 2013 in relation to 2,035,263 quoted ordinary fully paid shares and confirms the issue of 2,035,263 shares. The Company therefore gives notice under section 708A(5)(e) of the Corporations Act In relation to an issue of fully paid ordinary shares by the Company without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this notice, the Company has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (b) section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no information that:

• (a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• (b) investors and their professional advisers would reasonably require for the purpose of

  • making an informed assessment of:

  • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

  • (ii) the rights and liabilities attaching to fully paid ordinary shares.

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Yours faithfully

Malagasy Minerals Limited

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Natasha Forde Company Secretary

Malagasy Minerals Ltd. (ACN 121 700 105), 15 Lovegrove Close, MOUNT CLAREMONT WA 6010 Tel: +61 8 9296 1219, Fax: +61 8 9284 3801