CONNECTED MINERALS LIMITED — Capital/Financing Update 2009

Jul 29, 2009

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ARTURUS CAPITAL LIMITED (“AKW”)

ACN 001 001 145

30 July 2009

AKW Sells 15% of Its Interest in Royalty Stream For US$1.5 Million

In January 2009, AKW announced that it had acquired a further interest in a royalty stream derived from all of the shallow gas projects from time to time located on the lands known as the Sandy, Slazenger and Wagner Prospects in Jackson County, Texas (“Royalty Stream”).

AKW’s total participation in the Royalty Stream is currently 80%. The total consideration paid for this 80% interest was US$7.266 million. Full details of the acquisition were included in the announcement made on 21 January 2009.

The directors are pleased to announce that AKW has entered into an agreement with Acclaim Exploration NL (“AEX”) for AEX to acquire 15% of AKW’s participation in this Royalty Stream, being a total of 12% of the Royalty Stream (i.e. 15% of 80% interest).

The consideration for the sale of the 12% interest in the Royalty Stream is a total of US$1.5 million, comprising the following elements:

• US$100,000 payable on execution of the agreement;

• US$1,000,000 payable by 7 August 2009; and

• the balance to be paid within 60 days from execution of the agreement.

AEX must obtain shareholder approval at its next members meeting.

The terms of participation in the Royalty Stream are unchanged from the details set out in the announcement made on 21 January 2009.

Contact Details:

Wayne Bellman Chairman Arturus Capital Limited 02 9291 2400

Arturus Capital Limited ACN 001 001 145 Level 12, 680 George Street, Sydney NSW 2000 Tel +61 2 8274 9521