DART MINING NL — Capital/Financing Update 2009

Oct 6, 2009

ASX RELEASE 7 OCTOBER 2009

ASX CODE DTM

CAPITAL RAISING

A$1 million Share Placement

Dart Mining NL (“Dart” or “the Company”) is delighted to announce a share placement to fund its proposed molybdenum – copper porphyry exploration program and to provide working capital. The issue of 20 million ordinary shares at $0.05 per share will raise $1 million before expenses.

Intersuisse and its associated corporation, Phillip Capital, managed the placement to sophisticated and professional investors and the Directors of Dart are encouraged by the strong level of interest received from investors for the offer which is oversubscribed.

The raising will be completed in two tranches.

Tranche 1

Comprising 7,224,000 ordinary shares at $0.05 to raise $361,200 under the Company’s 15% new issue capacity available under the ASX Listing Rules.

Tranche 2

Comprising 12,776,000 ordinary shares and to raise $638,000. The issue of shares allocated in tranche 2 will be subject to shareholder approval at a general meeting. The notice of meeting will be dispatched to shareholders shortly.

In accordance with Listing Rule 3.10.3, the Company provides the following details of the placement shares:

Class of Securities: Fully Paid Ordinary Shares

Number to be issued: 20,000,000

Principal Terms of the Securities: The shares will carry standard rights applicable to quoted ordinary shares in the Company and will, from the date of issue, rank equally with fully paid quoted ordinary shares currently on issue.

Issue Price: $0.05 per share

Purpose of the Issue: Issued to raise funds for exploration and working capital purposes.

Issue to Class: The issue is not being made to a class of security holder

The Company intends to seek approval for Tranche 2 at its forthcoming AGM, due to be held in November 2009.

John Quayle Company Secretary and Chief Executive Officer

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL info@dartmining.com.au WEB www.dartmining.com.au ACN 119 904 880