First Graphene Ltd. — Capital/Financing Update 2014

Jun 11, 2014

12[th] June 2014

MRL Corporation Limited

ACN 007 870 760 ABN 50 007 870 760

Registered Office

Suite 3 9 Hampden Road Nedlands WA 6009 Tel +61 1300 660 448 Fax +61 1300 855 044

DRILLING UPDATE

MRL Corporation Ltd (“MRL” or “the Company”) is pleased to provide an update on its drilling activities in Sri Lanka.

MRL commenced coring activities at drill hole DH1 of the Bopitiya / Pandeniya priority location on Wednesday 11[th] of June.

Directors

Peter Reilly Craig McGuckin Denis Geldard Peter Hepburn-Brown Peter Youd

Training on the core orientation tools is complete and the tools are in operation. Down hole survey equipment will arrive in Sri Lanka on the 16[th] of June and MRL crew training will be undertaken. The down hole survey equipment will be used to measure the down hole Azimuth and Dip of DH1 and subsequent holes.

Company Secretary

Peter Youd Email: info@mrltd.com.au Website: www.mrltd.com.au ASX Symbol MRF, MRFO, MRFOA

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Core tray with DH1 core

Core orientation prior to removing core

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Repairs have been completed to the drainage and access road which had incurred damage from heavy rain and the DH2 pad will be constructed in coming days.

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Drill hole DH1 is located at Pandeniya and is expected to be between 50m to 125m in depth. Drill holes DH2 and DH3 will be up to 300m deep and are designed to test the continuity of vein graphite mineralisation below the Preparation for concreting DH2 drill pad historical shafts and adits (Figures 1 & 2).

Further updates will be provided as results become available.

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About Sri Lankan Lump/Vein Graphite

Sri Lanka is famed for being the only producer of crystalline vein graphite (lump or Ceylon graphite), the highest quality of naturally occurring material in the world. The quality of vein graphite produced in the country has a purity level in excess of 90% C (Carbon as Graphite) Which means little upgrading and processing is required to make high quality saleable product.

Reference: Industrial Minerals Natural Graphite Report 2012

For further information:

Craig McGuckin Managing Director MRL Corporation Ltd

Peter Youd Executive Director MRL Corporation Ltd

www.mrltd.com.au

Figure 1

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----- Start of picture text ----- SCHEMATIC CORE DRILLING LOCATIONS ON CONTOUR MAP – EL228Projection:TransverseMercator Projection200,000m South200,000m West ofPidurutalagalaSectionA BHISTORIC ADIT----- End of picture text -----

Figure 2

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----- Start of picture text ----- Schematic image of Graphite vein positions basedon surface projection from historical shafts and adits.----- End of picture text -----

The information reported above relating to Exploration and results were prepared and disclosed in company announcements on the following date:

• ASX Announcement 21/05/2014 – Drilling Contract Signed

• ASX Announcement 6/06/2014 – Drilling Update

There has been no material change to the information previously released.