CORE LITHIUM LTD — AGM Information 2013

Nov 13, 2013

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2013 ANNUAL GENERAL MEETING

CHAIRMAN’S ADDRESS TO AGM

11:00am (Adelaide time), Thursday 14 November 2013

Ladies and Gentlemen,

Welcome to the third Annual General Meeting ( AGM ) of Core Exploration Limited ( Core or Company ). The Board and staff are very pleased to be here with you, this morning. My name is Greg English and I am the Chairman of Core. I am also the Chairman of this meeting.

During the past 12 months the Company has made considerable progress towards developing our projects and making significant discoveries from a pipeline of greenfield and advanced exploration projects across South Australia and the Northern Territory.

In late October last year the Company undertook its maiden drilling program at Fitton to explore for uranium. The results of the drilling exceeded expectations and confirmed the presence of high grade near surface uranium mineralisation. Follow up drilling in March this year was also successful, with thick intervals of uranium mineralisation intersected and the strike length of the main Scott Lee prospect extended to 1km while remaining open along strike in both directions and at depth.

Fitton is located in a proven world class uranium mining region, 500 kilometres north of Adelaide in South Australia. With uranium prices at historic lows, the Company has decided not to undertake further drilling at Fitton in the near term as the outstanding drilling results are not being reflected in the Company’s share price. We are expecting that the value of this discovery will be reflected in our share price as the future uranium price increases as predicted.

The Albarta Project has been the main focus of the Company’s exploration efforts over the past 12 months. Through a combination of joint ventures, tenement acquisitions and

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A Level 2, 143 Hutt Street, Adelaide SA 5000 | T (08) 7324 2987| F (08) 8312 2002| E info@coreexploration.com.au www.coreexploration.com.au Page 1 of 3

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tenement applications the Company has built a tenement holding of over 2,000km[2] at Albarta. The Albarta Project tenements include a number of significant copper and silver mineral occurrences. Tenements in the area have previously been held on a fragmented basis by prospectors and exploration companies and have not been systematically explored. Core’s early exploration results and the success of other explorers in this emerging copper province support the Company’s view that this project area has the potential to host significant mineralisation.

The Company has previously reported extremely high silver anomalism in soil at Blueys and the nearby Inkheart prospect both part of the Albarta Project. Mapping and rock chip sampling at Blueys has identified a broad zone of pervasive stock-work veining associated with malachite and azurite (copper) and galena (lead/silver) minerals at surface. Whilst at Inkheart mapping has identified a metal rich gossan coinciding with the newly-identified 1,500m by 250m area of high (greater than 100ppb) silver in soil anomaly.

Our growth strategy is not just limited to the Albarta Project. During the past 12 months we have successfully applied for 1,000km[2] of tenure at Yerelina that covers known silver, lead and zinc mineralisation. Silver-lead-zinc mineralisation within the Yerelina Project occurs within the core of an east-west trending synform within discrete north-south trending fault zones within fault fill breccia. The geological setting combined with the metal assemblage suggests affinities with Mississippi Valley Type or Sedimentary Exhalative style silver-leadzinc mineralisation. The Company is excited by the opportunities presented at Yerelina.

Successful discovery is about drill testing targets. Our geophysical and geochemical surveys have already indicated the presence of mineralisation on many of our tenements. Looking forward, we are entering an exciting phase, involving drilling campaigns at Inkheart and Blueys during the next 12 months.

Stephen Biggins will talk more about our operations and opportunities.

A Level 2, 143 Hutt Street, Adelaide SA 5000 | T (08) 7324 2987| F (08) 8312 2002| E info@coreexploration.com.au www.coreexploration.com.au Page 2 of 3

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Despite the difficult environment faced by all exploration companies, the board continues to be positive about the outlook for the Company and is confident that it will continue to grow the Company’s business by focusing on those projects and regions with good growth opportunities.

I thank all of our investors for their continued support and our management and people for their hard work and dedication. Without the continuing support of our shareholders, the goals Core has achieved to date would not have been possible.

I’ll now handover to Stephen.

Greg English Chairman Core Exploration Limited

A Level 2, 143 Hutt Street, Adelaide SA 5000 | T (08) 7324 2987| F (08) 8312 2002| E info@coreexploration.com.au www.coreexploration.com.au

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