EQ RESOURCES LIMITED — Share Issue/Capital Change 2013

Mar 17, 2013

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ASX ANNOUNCEMENT

18 March 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 4,543,009 ordinary shares at $0.075 per share under the Share Purchase Plan.

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 15[th] March 2013, CNQ completed a placement of 4,543,009 ordinary shares at $0.075 per share under the Share Purchase Plan, announced on 4 February 2013.

• 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)