ENOVA MINING LIMITED — Capital/Financing Update 2012

Jul 1, 2012

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2 July 2012

Company Announcements Office Australian Securities Exchange Limited 4[th] Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam

PANCONTINENTAL ELECT TO CEASE JV DILUTION AND RE- COMMENCE CONTRIBUTIONS

The Boards of Crossland (CUX) and Pancontinental (PUC) have been in discussion for the past several months regarding the operation of the Joint Venture. PUC have enlisted a Canadian REE consultant to advise them, and he has visited the Charley Creek project. PUC have elected to contribute from 1 January 2012 rather than further dilute from their present 45% position, and have made a payment to CUX to cement this position. In the future PUC will continue to contribute 45% to the costs of JV projects.

Both Companies are in unison as to the way forward and plans are in preparation that will clearly detail the immediate future work scheduled on the project. The market will be advised when this program is finalised.

Yours sincerely

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R Richardson Chairman

CROSSLAND URANIUM MINES LIMITED ABN 64 087 595 980 PHONE: +61 8 89815911 FACSIMILE: +61 8 89411364 EMAIL: geupene@crosslanduranium.com.au ADDRESS: Unit 8, Raffles Plaza, 1 Buffalo Court, Darwin 0800, NT; GPO Box 2437, Darwin, 0801, NT, AUSTRALIA