CONNECTED MINERALS LIMITED — Capital/Financing Update 2012

Dec 12, 2012

Leopard Resources NL

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PO Box 8 • West Perth • Western Australia • 6872 T: +61 (0)8 9381 2517 F: +61 (0)8 9381 5853 ABN 99 009 076 233

12th December 2012

Companies Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

GOLD PROJECT

The Board of Leopard Resources N.L (ASX: LRR, “the Company”) is pleased to advise that it has executed an agreement to acquire a 100% interest in Exploration Licence E37/747 which contains two established gold prospects known as Cables and Mission. The project is located within the Yandal Greenstone Belt, in Western Australia. The transaction is subject to satisfactory completion of due diligence, shareholder and regulatory approval.

Consideration

LRR has executed an agreement to acquire a 100% interest in Exploration tenement E37/747 which consists of 34 graticular blocks. The purchase consideration is 130,000,000 shares. Settlement of the agreement is subject to the completion of due diligence, the obtaining of all required shareholder approvals and execution of formal agreements. The vendor, Interglobal Investments Limited is not a related party to the transaction.

Mission Cables Gold Project:

Location:

The Project Exploration lease E37/747 is located approx 40-70 kilometres east-northeast of Leinster town site, in the Mount Margaret Mineral Field. Access to the tenements from the south is attained via the Goldfields Highway and the unsealed Leinster-Weebo Road, while access from the north is via the unsealed Yandal Road. Areas within the tenement are accessible by various station and previous explorers’ tracks.

The tenement forms part of the Yandal Belt area which has been a major gold producing region for many years with deposits such as Jundee/Nimary (historical production of 7.3Moz), Bronzewing (3.6Moz), Darlot (3Moz) and Mt McClure (1.8Moz). The 3Moz Darlot/Centenary Gold Mine (operated by Barrick Gold) is located 7 kilometres south of the Prospects.

Tenure:

Tenement E37/747 comprises 34 graticular blocks.

Tenement Geology:

The tenements are situated within the Yandal Greenstone Belt, in the Eastern Goldfields Province in Western Australia. The main lithologies present within the tenements are Achaean mafic, felsic and sedimentary rocks of the Yandal Greenstone Belt, overlain by Cainozoic colluvial, alluvial and lacustrine sediments.

Results:

The company has received significant data on the project area. Aircore drilling at the Cables Prospect defined a significant northwest-trending base-of-weathering supergene gold anomaly extending over 1,000m of strike. The central core of the anomaly was associated with sub-vertical mineralised structures within a 100-200m wide zone of alteration and shearing hosted by dolerite, over 400m of strike. A strong nugget effect was evident from replicate and duplicate sampling results.

RC drilling at the Cables Prospect defined at least two narrow, northwest-trending, sub-vertical mineralised structures over 400m of strike, bounding a 100-200m wide zone of alteration and shearing within dolerite. Mineralisation is associated with quartz veining and/or sericite-chlorite+/carbonate-pyrite alteration. Late northeast-trending faults dextrally offset the mineralised structures.

Historical aircore drilling at the Mission Prospect defined a significant north-to-northwest trending base-of-weathering supergene gold anomaly extending over 400m of strike. The anomaly was associated with two mineralised structures bounding a major shear zone within dolerite.

RC drilling at the Mission Prospect defined two narrow, north- to northwest-trending, sub-vertical mineralised structures over 400m of strike. The parallel structures bound a major 30m wide shear zone within dolerite. Mineralisation was associated with quartz veining and/or sericite-chlorite+/carbonate-pyrite alteration.

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Structural model proposed for the Cable-Mission area (view to the northwest)

The brown surface is an underlying thrust zone with steep (blue) reverse faults forming an imbricant stack. Gold mineralisation indicated in red.

Mission Prospect – Significant RC Drill Intersections over 2.0g/t Au

Hole	Northing	Easting	Intercept	From (m)	Comment
ADRC001	6923500	329070	3m @ 2.09g/t Au	146
ADRC003	6923500	329120	2m @ 5.18g/t Au	48
ADRC004	6923500	329150	1m @ 75.65g/t Au	48
ADRC005	6923460	329145	3m @ 11.40g/t Au	60	including1m @ 29.65g/t Au from 60m
ADRC006	6923440	329110	3m @ 11.20g/t Au	104	including1m @ 24.60g/t Au from 104m
ADRC007	6923440	329135	2m @ 18.62g/t Au	74	including1m @ 20.00g/t Au from 75m
ADRC008	6923440	329156	3m @ 2.60g/t Au	44
			2m @ 28.29g/t Au	52	including1m @ 55.85g/t Au from 52m
ADRC009	6923380	329128	1m @ 6.35g/t Au	97
ADRC010	6923380	329152	2m @ 2.81g/t Au	43
ADRC012	6923341	329160	1m @ 5.95g/t Au	65
ADRC013	6923341	329192	1m @ 4.54g/t Au	36
ADRC046	6923420	329105	1m @ 2.10g/t Au	34
ADRC047	6923460	329175	1m @ 4.10g/t Au	41
ADRC048	6923460	329130	1m @ 5.08g/t Au	43
			1m @ 6.64g/t Au	74
ADRC051	6923660	329115	7m @ 11.35g/t Au	84
ADRC052	6923480	329145	2m @ 9.45g/t Au	54	including1m @ 14.00g/t Au from 54m
ADRC053	6923480	329135	1m @ 2.32g/t Au	46
			1m @ 72.42g/t Au	69

Cables Prospect – Significant RC Drill Intersections over 2.0g/t Au

Hole	Northing	Easting	Intercept	From (m)	Comment
ADRC015	6922858	328278	3m @ 16.75g/t Au	64	including 1m @ 36.00g/t Au from 64m
ADRC017	6922918	328270	3m @ 3.03g/t Au	114
ADRC018	6922918	328345	4m @ 4.87g/t Au	76
ADRC019	6922918	328395	4m @ 18.85g/t Au	182	including1m @ 72.20g/t Au from 185m
ADRC022	6923110	328184	1m @ 12.60g/t Au	62
			7m @ 27.53g/t Au	133	including1m @ 77.60g/t Au from 136m
ADRC023	6923110	328208	2m @ 6.94g/t Au	122
ADRC025	6922983	328215	1m @ 3.05g/t Au	153
ADRC027	6923058	328250	4m @ 41.96g/t Au	78	including1m @ 107.50g/t Au from 80m
ADRC028	6923119	328167	1m @ 2.57g/t Au	85
ADRC029	6923062	328182	3m @ 6.63g/t Au	40
ADRC030	6923059	328236	3m @ 6.36g/t Au	49	including1m @ 16.10g/t Au from 50m
ADRC032	6922980	328282	1m @ 4.58g/t Au	49
ADRC033	6922979	328311	3m @ 5.72g/t Au	108	including1m @ 13.40g/t Au from 108m
ADRC034	6922921	328258	1m @ 2.51g/t Au	65
ADRC038	6922860	328367	2m @ 3.76g/t Au	87	including1m @ 7.52g/t Au from 87m
ADRC039	6922860	328391	9m @ 1.58g/t Au	71	including1m @ 5.53g/t Au from 72m
ADRC041	6922801	328349	1m @ 4.47g/t Au	117
ADRC043	6923169	328167	2m @ 23.94g/t Au	69
ADRC058	6923110	328036	1m @ 30.83g/t Au	125

Corporate

The Company intends to raise up to AU$500,000 to fund due diligence, project assessment and general working capital . The Company believes the two projects will complement each other both on scale and expenditure levels with potential outcomes to provide increased shareholder wealth, and expects further announcements to follow

The Board continues to seek opportunities to secure resource and production potential assets.

Yours faithfully

A R Hamilton

Director

The information in this release which relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Allen Maynard, who is a Member of the Australian Institute of Geosciences (“AIG”), a Member of the Australasian Institute of Mining & Metallurgy (“AusIMM”) and independent consultant to the Company. Mr Maynard is the principal of Al Maynard & Associates Pty Ltd and has over 30 years of exploration and mining experience in a variety of mineral deposit styles. Mr Maynard has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Maynard consents to inclusion in the report of the matters based on his information in the form and context in which it appears.