CORE LITHIUM LTD — Capital/Financing Update 2014

Oct 15, 2014

ASX ANNOUNCEMENT

ASX : CXO

Issue cleansing notice under section 708A(5)(e) of the Corporations Act

Issuer: Core Exploration Limited (ASX Code: CXO) Release date: 16 October 2014

Core Exploration Limited ( Core or Company ) has issued 800,000 unlisted performance rights to the exploration manager subject to meeting various KPI based vesting criteria and 200,000 unlisted options with an exercise price of 8.5 cents and expiry of 16 October 2016 to an employee ( Issue ).

Details of the Issue

Class of Securities	Unlisted Performance Rights	Unlisted Options
ASX Code of the securities	CXO	CXO
Date of the Issue	16 October 2014	16 October 2014
Total number of securities issued	800,000	200,000

Core advises that:

1. The rights and options offered under the Issue were issued without disclosure to investors under Part 6D.2 Corporations Act 2001 (Cth) ( Corporations Act ).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, Core has complied with the provisions of Chapter 2M Corporations Act as they apply to Core and has complied with section 674 Corporations Act.

4. As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that has not already been disclosed to investors generally.

For further information please contact: Stephen Biggins Managing Director Core Exploration Ltd info@coreexploration.com.au

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