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CLARA RESOURCES AUSTRALIA LTD Capital/Financing Update 2015

Mar 11, 2015

64598_rns_2015-03-11_944f13c5-db13-4ecd-a043-643f7569a2b7.pdf

Capital/Financing Update

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ASX Announcement

AusTin Mining Limited (ASX:ANW)

12 March 2015

Capital Raising

The Directors of Aus Tin Mining Limited (the Company) are pleased to advise that the Company has reached agreement with a small number of investors to raise at least $1,442,000 by way of a placement at $0.004 per share (Placement). The Placement comprises $942,000 from new investors and $500,000 from existing shareholder, DGR Global Ltd.

Due to, amongst other things, the Company’s 25% equity raising cap, some of the Placement will be subject to shareholder approval, including that of DGR Global Ltd. Accordingly, the Company plans to convene an Extraordinary General Meeting (EGM) in April 2015. The allotment of shares for these placements will occur periodically in line with the receipt of funds from investors.

The Company intends that the funds raised will be used to progress development of the Taronga Tin Project, carry‐out work across the Company’s exploration portfolio, provide working capital and meet the costs associated with the Placement.

A prospectus for the previously proposed free Bonus Options will be issued in conjunction with the EGM documentation in the next few weeks. As previously announced, the Bonus Options offer is to comprise one (1) bonus option for each five (5) shares held at the record date (to be announced). The Bonus Options will have a strike price of 2 cents per share and have an 18 month exercise period from the record date.

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On behalf of the Board KM Schlobohm Company Secretary

Email: [email protected]

Electronic copies and more information are available on the Company website: www.austinmining.com.au For further information contact:

Mr. Peter Williams Karl Schlobohm CEO, Aus Tin Mining Limited Company Secretary, Aus Tin Mining Limited Ph: 07 3303 0611 Ph: 07 3303 0680

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681