EQ RESOURCES LIMITED — Share Issue/Capital Change 2013

Dec 29, 2013

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ASX ANNOUNCEMENT

30 December 2013

Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

ISSUE OF SHARES - CLEANSING NOTICE

Carbine Tungsten Limited ( ASX:CNQ ) is pleased to announce that is has completed the allotment of 964,180 ordinary fully paid shares. 453,356 ordinary fully paid shares issued were in consideration for consulting services and 510,824 ordinary fully paid shares issued to satisfy bonus conditions of historical employee contracts.

This notice is given by CNQ pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act). CNQ gives notice that:

• a) On 30 December 2013, CNQ completed a placement of 964,180 ordinary fully paid shares.

• b) CNQ has issued the above shares without disclosure to investors under Part 6D.2 of the Act.

• c) As at the date of this notice, CNQ has complied with:

  • a. The provisions of Chapter 2M of the Act as they apply to CNQ; and,

  • b. Section 674 of the Act; and

• d) As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act.

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Tom Bloomfield Company Secretary

Carbine Tungsten Limited ACN 115 009 106

50 Scott Street, Bungalow, CAIRNS QLD 4870 - PO Box 1040, Bungalow, CAIRNS QLD 4870 Telephone: +61 (0)7 4052 2400 - Facsimile: +61 (0)7 4052 2444 www.carbinetungsten.com.au

(ASX: CNQ)