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CORE LITHIUM LTD Capital/Financing Update 2013

Jan 15, 2013

64737_rns_2013-01-15_c88fe3c6-674a-4cdb-b413-a69b56d2785b.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

16 January 2013

Release of Options from Restriction

Core Exploration Limited (ASX : CXO) advises that 8,500,000 unlisted options currently subject to restriction agreements will be released from escrow as follows:

Release date Number Exercise price Expiry date 11 February 2013 7,000,000 25 cents 30 June 2014 11 February 2013 1,500,000 25 cents 31 October 2014 Total 8,500,000

Regards,

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Jarek Kopias Company Secretary Core Exploration Ltd [email protected]

A Level 2, 143 Hutt Street, Adelaide SA 5000 | T (04) 8726 6050| F (08) 8312 2002 | E [email protected] www.coreexploration.com.au