ECLIPSE METALS LIMITED. — Capital/Financing Update 2012

Sep 12, 2012

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ASX ANNOUNCEMENT

DATE: 13[th] September 2012

ASX Market Announcements Company Announcements Office SYDNEY NSW 2000

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BOARD

Graeme Allan Chairman

Emilio Pietro Del Fante Executive Director

Shane Casley Non-Executive Director

INVESTMENT IN DOURADO RESOURCES LIMITED (ASX:DUO)

COMPANY SECRETARY

Robert Marusco

Eclipse Metals Limited (“ Eclipse ” or the “ Company ”) is pleased to announce the completion of the Dourado Resources Limited (“ Dourado ”) Share Purchase Plan (“SPP”) announced today by Dourado and underwritten by Eclipse as previously announced.

Eclipse underwrote the Dourado SPP for a maximum amount of $600,000. In consideration for providing the underwriting of the SPP, Eclipse will receive a 5% commission on all funds raised from the SPP.

Funds raised by the SPP were $58,000 and Eclipse will take up shares for the shortfall through its underwriting commitment up to the maximum permissible within Dourado’s 15% capacity under ASX Listing Rule 7.1.

The issue price of the shares pursuant to the SPP and the underwriting is $0.04192 per share, calculated at a 20% discount to the market price of Dourado’s shares on the 5 trading days prior to the issue of Dourado shares pursuant to the SPP.

REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

309 Pier Street Perth WA 6000 COMMUNICATION DETAILS

Telephone: +61 8 9200 4963 Facsimile: +61 8 92004964

AUSTRALIAN BUSINESS NUMBER 85 142 366 541

SHARE REGISTRY Security Transfer Registrars 770 Canning Highway Applecross WA 6153

ASX CODE EPM

Dourado is a Perth based exploration company that has been established to predominately explore for deposits of gold and copper mineralisation. Dourado has 3,800km[2] of selected tenure that is highly prospective for gold and copper mineralisation. Dourado is also a major shareholder in Eclipse, having vended Dourado’s Northern Territory tenement portfolio to Eclipse as part of the Eclipse IPO.

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