ECLIPSE METALS LIMITED. — Capital/Financing Update 2015

Jun 4, 2015

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5 June 2015

Notification Under Section 708A(5)(E)

Eclipse Metals Limited ( the Company ) has recently completed the issue of 13,000,000 fully paid Ordinary Shares to three (3) professional and exempt investors for working capital raising purposes. Following the issue, these Ordinary Shares will be part of the class of quoted securities.

The Corporations Act restricts the on-sale of Securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. Through the release of this Notice by the Company; sale of these fully paid Ordinary Shares will fall within the exemption in Section 708A(5) of the Corporations Act.

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

1. The Shares 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;

   • (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 fully paid Ordinary Shares

Eryn Kestel Company Secretary

PRINCIPAL PLACE OF BUSINESS

Level 3, 1060 Hay Street West Perth WA 6005 Phone: + 61 8 9480 0420 Fax: + 61 8 9321 0320

AUSTRALIAN BUSINESS NUMBER

85 142 366 541