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CARBINE RESOURCES LIMITED Capital/Financing Update 2012

May 2, 2012

64704_rns_2012-05-02_d63454a0-2adf-4774-92ed-57a0e8ef255d.pdf

Capital/Financing Update

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ASX / MEDIA ANNOUNCEMENT

3 May 2012

CANCELLATION OF EMPLOYEE OPTIONS

The Company wishes to advise of the cancellation of the following options issued to employees pursuant to the Company’s Share Option Plan.

  • 600,000 options exercisable at $0.45 each on or before 6 October 2013;

  • 500,000 options exercisable at $0.38 each on or before 1 April 2014; and,

  • 50,000 options exercisable at $0.16 each on or before 23 June 2014.

For further information, please contact:

Peter Sheehan – Managing Director: +61 (0)499 095 396 (Australia) +226 7897 4595 (Burkina Faso) Evan Cranston – Director: +61 (0)408 865 838 (Australia) Website: www.carbineresources.com.au

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 0986 fax +61 8 9388 8824

[email protected] www.carbineresources.com.au

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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