CASSIUS MINING LIMITED — Regulatory Filings 2012

Sep 23, 2012

24 SEPTEMBER 2012

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ASX ANNOUNCEMENT

OPERATIONS UPDATE

Dupré Minerals Limited (“Dupré”), a leading UK based vermiculite distributor and the purchaser of 100% of the offtake at Namekara Vermiculite Projects has advised the company that they are unable to guarantee any purchase of vermiculite until the vermiculite markets pick up.

The Board is reviewing its various options which could include putting the Namekara Vermiculite Project on care and maintenance and will provide a further update shortly.

Further Information

Mark Arnesen, CEO Wayne Kernaghan, Company Secretary

t | +61 2 8247 5333 t | +61 2 8247 5333

Gulf Industrials Limited │ Level 10 Gold Fields House 1 Alfred Street Sydney NSW 2000 PO Box R745 Royal Exchange NSW 1225 Australia t +61 2 8247 5333 f +61 2 9247 7722

ACN 115 027 033

www.gulfindustrials.com.au