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COPPERMOLY LIMITED Capital/Financing Update 2008

May 12, 2008

64690_rns_2008-05-12_996c06b8-99e4-405d-81ef-b75a81cf4df2.pdf

Capital/Financing Update

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ADDRESS PHONE PO Box 7996 +61(07) 5592 2274 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 2275 EMAIL ABN 54 126 490 855 [email protected] WEBSITE www.coppermoly.com.au

ASX Announcement

13[th] May 2008

MAILOUT TO SHAREHOLDERS

A Prospectus containing a 1 for 4 non-renounceable Entitlements Issue of Options at 1 cent each, a copy of which was included in an ASX announcement dated 30 April 2008, was mailed to shareholders today along with personalised Entitlement and Acceptance Forms.

Yours faithfully, COPPERMOLY LTD

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Garry M. Edwards Company Secretary

Encl.