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CASSIUS MINING LIMITED Capital/Financing Update 2011

Apr 26, 2011

64667_rns_2011-04-26_64793e82-f9ac-4857-aba8-8766163a7752.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 27 APRIL 2011

GULF INDUSTRIALS RAISES $2.88 MILLION

Gulf Industrials Limited (‘Gulf’ or ‘the Company’, ASX : GLF) the African focused industrial mineral developer announces that it has successfully placed 64,000,000 shares at $0.045 per share to clients of Veritas Securities Limited to raise a total of $2.88 million (before expenses).

The funds raised will be utilized on the development of the East African Vermiculite project and for working capital purposes.

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ABOUT GULF

Gulf Resources is an African focused industrial mineral developer with exploration and development assets in Uganda and Madagascar. It is the company’s aim to create value for shareholders through the identification, acquisition and valorisation of resource focused projects, with a particular emphasis on regions where Gulf maintains relationships that provide a strategic advantage.

With a team of experienced engineering, project management, legal, financial and resource specialists, Gulf fosters and seeks to develop projects of major significance to both the company and the countries in which Gulf operates.

FURTHER INFORMATION

FURTHER INFORMATION
Vic Fitzmaurice, CEO	t
Wayne Kernaghan, Finance Director and Company Secretary	t
Victoria Thomas, Six Degrees Investor Communication	t