EMMERSON RESOURCES LIMITED — Capital/Financing Update 2014

Feb 25, 2014

==> picture [114 x 62] intentionally omitted <==

3 Kimberley St. West Leederville, WA 6007 PO BOX 1573 West Perth WA 6872 Telephone 08 9381 7838 Facsimile 08 9381 5375 Email: admin@emmersonresources.com.au Website: www.emmersonresources.com.au ABN 53 117 086 745

26 February 2014

Dear Shareholder

EMMERSON RESOURCES LIMITED PRO-RATA NON-RENOUNCEABLE ENTITLEMENTS ISSUE

We are pleased to inform you that on 24 February 2014 Emmerson Resources Limited ( Emmerson or Company ) lodged a Prospectus for a pro rata non-renounceable entitlement issue on the basis of one (1) Share for every four (4) Shares held at an issue price of $0.025 per Share to raise up to $1,638,150 ( Offer or Entitlement Issue ).

The Entitlement Issue comprises an offer of fully paid ordinary shares in the capital of the Company ( Shares ) to existing shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm WST on 5 March 2014, whose registered address is in Australia or New Zealand ( Eligible Shareholders ).

For the purposes of calculating each Eligible Shareholders’ entitlement, fractions of entitlements have been rounded up to the nearest whole number of new Shares. New Shares will rank equally with all fully paid ordinary shares in the capital of the Company already on issue. Application will be made for quotation of the new Shares.

Following completion of the Offer, the Company will have issued 65,525,991 new Shares resulting in total Shares on issue of 327,629,954.

The Offer is partially underwritten by Old Blood and Guts Pty Ltd ( Underwriter ) to the extent of $1,000,000. The Company will not pay the Underwriter an underwriting fee.

The Company proposes to use the proceeds of the Offer to fund the continued exploration of the Tennant Creek Mineral Field, expenses of the Offer and to provide additional working capital.

The proposed timetable for the Entitlement Issue is as follows:

The proposed timetable for the Entitlement Issue is as follows:
Lodgement of Prospectus with the ASIC and ASX	Monday,24 February2014
Notice sent to Shareholders	Wednesday,26 February2014
Ex date	Thursday,27 February2014
Record Date for determiningEntitlements	Wednesday,5 March 2014
Prospectus despatched to Shareholders	Wednesday,12 March 2014
ClosingDate*	Wednesday,26 March 2014
Sharesquoted on a deferred settlement basis	Thursday,27 March 2014
Issue of Shares and Despatch of holdingstatements	Thursday,3 April 2014
Quotation of Shares issued under the Offer*	Friday,4 April 2014

• The Directors may extend the Closing Date by giving at least 6 Business Days’ notice to ASX prior to the Closing Date. As such the date the Shares are expected to commence trading on ASX may vary.

A prospectus for the Entitlement Issue has been lodged with the ASX and ASIC and will be sent to Shareholders together with a personalised Entitlement and Acceptance Form no later than 12 March 2014. A copy of the Prospectus is available on both the ASX and Emmerson websites.

For and on behalf of Emmerson Resources Limited

==> picture [136 x 41] intentionally omitted <==

Andrew McIlwain Non-Executive Chairman