CARBINE RESOURCES LIMITED — Capital/Financing Update 2012

Jun 19, 2012

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ASX / MEDIA ANNOUNCEMENT

20 June 2012

CANCELLATION OF EMPLOYEE OPTIONS

The Company wishes to advise of the cancellation of the following Employee Options:

• 100,000 exercisable at $0.30 on or before 2 September 2013.

• 100,000 exercisable at $0.38 on or before 1 April 2014.

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GRANT J. MOONEY Company Secretary

Australian Office

ABN 81 122 976 818 Suite 23, 513 Hay Street Subiaco WA 6008 PO Box 1311 Subiaco WA 6904 phone +61 8 6142 0980 fax +61 8 9388 8824

Burkina Faso Office 128 Rue Kindfu Secteur 13 Zone du Bois 01 BP 1621 Ouagadougou 01 phone. +226 5036 8077 fax. +226 5044 7033

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carbine@carbineresources.com.au www.carbineresources.com.au