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CULLEN RESOURCES LIMITED Capital/Financing Update 2014

Dec 29, 2014

64724_rns_2014-12-29_079d10c6-8271-4c43-b956-1ec56d743765.pdf

Capital/Financing Update

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ABN 46 006 045 790

www.cullenresources.com.au ASX Symbol: CUL

ASX ANNOUNCEMENT 30 December 2014

PLACEMENT COMPLETED

Cullen Resources Limited (Cullen) is pleased to announce it has completed a capital raising of $363,000 (before expenses) by a placement of securities to sophisticated and professional Section 708 investors. These investors will subscribe for 60.5 million fully paid ordinary shares in Cullen Resources Limited at 0.6 cents per share.

Bell Potter Securities Limited managed the placement. Funds raised from this placement will be applied to Cullen’s key projects and provide working capital.

Further information contact:

Dr Chris Ringrose: 0439 843 756

Unit 4, 7 Hardy Street South Perth | Western Australia 6151 Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588 E-mail: [email protected] Website: www.cullenresources.com.au