COPPERMOLY LIMITED — Board/Management Information 2013

Jan 17, 2013

ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

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ASX Announcement

Date: 18[th] January 2013

ASX Code: COY

CORPORATIONS ACT SECTION 249D NOTICE

Coppermoly Limited ( Coppermoly ) advises that it has received a notice under Section 249D of the Corporations Act 2001 (Cth) ( Notice ) from Vangold Resources Ltd and Pacific Kanon Gold Corporation (a subsidiary of Vangold Resouces Ltd) (together the Requisitioning Members ), being members who together hold at least 5% of the votes that may be cast at a general meeting, requesting that Coppermoly's directors call and hold a general meeting to consider the following resolutions:

• (a) the election of Mr Bruce Counts as a director of Coppermoly;

• (b) the election of Mr Jay Sujir as a director of Coppermoly;

• (c) the removal of Mr Maurice Gannon as a director of Coppermoly;

• (d) the removal of Mr Shawn Uldridge as a director of Coppermoly.

Coppermoly has subsequently received advice from the Requisitioning Members that they are considering withdrawing the Notice, but this has not yet occurred.

As Mr Uldridge was recently re-appointed by Coppermoly's shareholders as a director of Coppermoly at its recent annual general meeting on 14 November 2012, Coppermoly is disappointed that it has received the Notice.

This is particularly so in light of the fact that Vangold's former nominee director on the Coppermoly board of directors, Mr Dal Brynelsen, resigned as a director and Chairman of Coppermoly immediately prior to that annual general meeting.

Coppermoly understands that Vangold has expressed its view that it is in the interests of Coppermoly to retain all of its assets and minimise the amount of dilution to all shareholders.

While the Coppermoly board of directors agrees that it is in the best interests of Coppermoly and its shareholders to minimise the amount of dilution to shareholders, Coppermoly considers that as a junior exploration company the best way to maximise value to its shareholders is to do so through conducting exploration activity on its tenements.

With this objective Coppermoly must either raise capital or seek to engage with third party partners. The directors of Coppermoly have been, and remain, very actively engaged in pursuing these agendas.

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In this regard, Coppermoly notes the recent placement undertaken by it in early January (as previously announced to the market), and that it is continuing discussions with various parties regarding potential funding arrangements.

Further information regarding the time and place of the meeting to consider the proposed resolutions will be provided once these details have been finalised.

Copies of the Notices, together with biographies of each of the nominee directors are attached.

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Ben Faulkner Non-Executive Director

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