EMU NL — Capital/Financing Update 2013

Mar 3, 2013

==> picture [181 x 75] intentionally omitted <==

COMPLETION OF SUPERKOLONG ACQUISITION

____________________________________________________________________

Emu Nickel NL

ABN 50 127 291 927

COMPLETION OF SOUTH AFRICAN DIAMOND OPERATION ACQUISITION

ASX Code: EMU

10 Walker Ave West Perth, WA 6005

T +61 8 9226 4266 E info@emunickel.com.au

PO Box 1112 West Perth, WA 6872

Issued Capital : Shares - Quoted:

34,643,856 fully paid shares 19,894,892 contributing shares

Options – Unquoted:

841,148 exercisable at $0.5874 by 22.12.2014 82,736 exercisable at $0.4266 by 21.12.2015

The acquisition of Superkolong Proprietary Limited has been completed with the first payment required under the Sale of Shares Agreement having been made to the Seller and the stock in circuit apportioned to the benefit of Seller having been taken by Seller.

The first diamonds for the Purchaser’s (Emu and El Nino) account will be recovered on Monday 4 March.

For more information on the company visit www.emunickel.com.au Please direct enquiries to:

Greg Steemson Managing Director Phone: (08) 9226 4266 Mobile: 0417 981 814 Email: gsteemson@bigpond.com

Cash: $1.1 million

Directors:

Peter Thomas Chairman Greg Steemson Managing Director

George Sakalidis & Gavin Rutherford Non-Executive Directors

1

COMPETENT PERSON’S STATEMENT

The details contained in this report that pertain to exploration results, mineral resources and mineral reserves are based upon information compiled by Mr Greg Steemson, Managing Director of Emu Nickel NL. Mr Steemson is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Steemson consents to the inclusion in the report of the matters based upon his information in the form and context in which it appears.

FORWARD LOOKING STATEMENT

This report contains forward looking statements concerning the projects owned by Emu Nickel NL. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management’s beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments

2