CORE LITHIUM LTD — Capital/Financing Update 2013

Feb 17, 2013

==> picture [595 x 139] intentionally omitted <==

18 February 2013

ASX ANNOUNCEMENT

ASX : CXO

ASX Waiver – ASX Listing Rule 14.7

Shareholders of Core Exploration Limited (ASX: CXO) (“the Company”) approved the issue of 1,000,000 shares at $0.07 per share, at a General Meeting on 13 November 2012, for the purchase of tenement EL28940 (Mordor) in the Northern Territory subject to Ministerial consent. The transfer process is moving through normal government process and Ministerial consent is expected within the next 4-6 weeks. Pursuant to Listing Rule 7.3, the Company has three months from the date of the meeting to issue the shares.

Core advises that ASX Limited (“ASX”) has granted the Company a waiver from ASX Listing Rule 14.7 to the extent necessary to enable the Company to issue 1,000,000 fully paid ordinary shares more than three months after approval was granted by shareholders at the Company’s 2012 AGM subject to the following conditions:

1. The 1,000,000 shares are issued no later than 13 May 2013 and are otherwise issued under the same terms approved by shareholders on 13 November 2012; and

2. The Company releases the terms of the waiver to the market immediately.

For further information please contact: Stephen Biggins Managing Director Core Exploration Limited Tel: (08) 7324 2987 info@coreexploration.com.au

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