COPPERMOLY LIMITED — Capital/Financing Update 2013

Aug 12, 2013

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13 August 2013

ASX Code: COY

RE-ACQUISITION AGREEMENT - EXTENSION OF CONDITIONS DATE

Further to the announcement dated 26 June 2013, Coppermoly Limited ( Coppermoly ) advises that it has given notice to Barrick (PNG Exploration) Limited ( Barrick ) extending the ‘Conditions Date’ for the re-acquisition agreement between Coppermoly and Barrick ( Re-Acquisition Agreement ) to 30 September 2013.

Accordingly, Coppermoly has until 30 September 2013 to satisfy or waive the ‘Condition Precedent’ to the Re-Acquisition Agreement, being that Coppermoly successfully raise a minimum of $2,000,000.

As per the terms of the Re-Acquisition Agreement if the Condition Precedent is satisfied or waived by Coppermoly prior to 30 September 2013, Coppermoly will then be required to pay Barrick:

• (a) the first payment of $1,000,000 due under the Re-Acquisition Agreement (Initial Purchase Price ); and

• (b) interest of 8% on the Initial Purchase Price, which shall accrue daily from 14 August 2013,

within 5 business Days of the satisfaction or waiver of the Condition Precedent.

On behalf of the board,

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Maurice Gannon MANAGING DIRECTOR

Level 1, 94 Bundall Rd Bundall, Queensland 4217 Email: info@coppermoly.com.au Telephone: +61 7 5592 1001

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