CONNECTED MINERALS LIMITED — Capital/Financing Update 2013

Oct 27, 2013

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Leopard Resources NL

28[th] October 2013 Companies Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

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Leopard Resources NL is a publicly listed mineral exploration company based in Perth, Western Australia.

COMPANY

RESOURCE FUNDING

The Board of Leopard Resources N.L. (ASX: LRR, “the Company”) is pleased to advise further to its ASX announcement of the 11[th] October, as part of the previously announced $1.5 million funding initiative, a $500,000 capital raising to fund ongoing drilling at its 100% owned Mission and Cables Prospects at Exploration Licence E37/747 and for general working capital.

INFORMATION

Leopard Resources NL 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

www.leopardresources.com.au

CORPORATE DIRECTORY

SOLICITORS Steinepreis Paganin 16 Milligan Street Perth, WA 6000

AUDITORS

HLB Mann Judd Level 4, 130 Stirling Street Perth, WA 6000

The Stage 2 drilling program has been designed to assist reclassification of the exploration target to the Inferred Resource category. The Company has estimated an overall exploration target of 3.0 - 4.0Mt at a grade of 2.5 - 3.0 g/t Au, for 190,000 - 380,000 oz Au. This target estimate is based on the results of previous and current drilling combined with structural and lithological data and the geometry of the known mineralisation. The potential quantity and grade is conceptual in nature, as there has been insufficient exploration to date to define a Mineral Resource in excess of that currently announced

The $500,000 has been raised, by way of Converting Loan subject to shareholder approval and the Company’s 15% share placement capacity. The Investment has been made in the name of Photon Global Limited on behalf of the Lionhart group of funds. Lionhart is a leading investment organisation specialising in global alternative investments with offices in London and Toronto. Lionhart was founded in 1993 by Terrence P Duffy, Lionhart is regulated by the Financial Conduct Authority (‘FCA’) in the United Kingdom. Since inception, Lionhart has been generating long-term capital appreciation through a variety of investments including natural resource opportunities achieving success through cultivated relationships, acquired intelligence and established hands-on local representation within its investment regions

The Converting Loan of $276,118.55 has a conversion price of $0.002 and with an applicable interest rate of 10% per annum and is subject to shareholder approval. The placement is of 111,940,725 shares @ $0.002 for gross proceeds of $223,881.45.

Yours faithfully

C Willis Director

SHARE REGISTRY Computershare Investor Services

45 St Georges Terrace Perth, WA 6000

ASX Code: LRR

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.