EQ RESOURCES LIMITED — Share Issue/Capital Change 2014

Nov 9, 2014

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ASX ANNOUNCEMENT

10 November 2014

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

CLEANSING NOTICE - ISSUE OF SHARES

Carbine Tungsten Limited ( ASX:CNQ ) has issued a total of 1,181,818 new fully paid ordinary shares (Shares) in the Company upon the exercise of 1,181,818 options exercisable at $0.10.

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 10 November 2014, CNQ completed the issue of 1,181,818 ordinary fully paid shares upon the exercise of 1,181,818 options exercisable at $0.10.

• 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:

  • (i) The provisions of Chapter 2M of the Act as they apply to CNQ; and,

  • (ii) 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.

Yours faithfully

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David Clark

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)