ECLIPSE METALS LIMITED. — Capital/Financing Update 2012

Dec 6, 2012

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ASX ANNOUNCEMENT

DATE 7 December 2012

ASX Market Announcements Company Announcements Office SYDNEY NSW 2000

Notification Under Section 708A(5)(E)

On 6 December 2012 Eclipse Metals Limited (“EPM” or “the Company”) issued 9,494,333 fully paid Ordinary Shares and 9,494,333 Options with an exercise price of $0.06 expiring 30 November 2016.

The Company gives notice pursuant to Section 708A(5)(e) of the Corporations Act that:

1. The Shares and Options were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

2. The Company, as at the date of this Notice, has complied with:

   • (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (b) Section 674 of the Act.

3. As at the date of this notice, there is no information:

   • (a) that has been excluded from a continuous disclosure notice in accordance with the ASX listing rules; and

   • (b) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

     • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • ii. the rights and liabilities attaching to the Shares and Options.

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Peter Del Fante Executive Director

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110379 (133681)