EARTHS ENERGY LIMITED — Capital/Financing Update 2013

Jul 29, 2013

26 July 2013

ASX Release

ASX Code: CXX

U P DA T E D S T A T E M E N T O F C O M M I T M E N T S

Cradle Resources Limited intends to apply the total funds raised pursuant to the Replacement Prospectus dated 20 June 2013, being $2,260,000, as outlined below:

Funds on hand1	$410,740
Offer funds raised	$2,260,000
Total funds available	$2,670,740
Exploration and development	$1,739,678
expenditure
Net administration expenses	$600,650
Expenses of the Offer	$245,160
Unallocated working capital2	$85,252
Total funds allocated	$2,670,740

1 As at 16 July 2013

2 Unallocated working capital will be utilised by the Company to pay for unbudgeted or additional exploration expenditure or the administration costs of the Company.

Grant Davey Managing Director

www.cradleresources.com.au

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