FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Capital/Financing Update 2013

Aug 1, 2013

ASX ANNOUNCEMENT 2 AUGUST 2013

==> picture [169 x 27] intentionally omitted <==

==> picture [169 x 27] intentionally omitted <==

ASX RELEASE

Tellus Resources Ltd is an Australian‐based mineral exploration company. Tellus holds the Chillagoe Gold Project which includes Exploration Permits covering a combined area of ~28,878 hectares plus Mining Leases covering a combined area of approx. 480 hectares, including the Wandoo & Empire prospects.

CAPITAL RAISING UPDATE

On 26 July 2013 Tellus Resources Ltd (the “Company” or “Tellus Resources”) requested a suspension to be placed on the Company’s securities, effective immediately, pending the release of an announcement in relation to a capital raising.

The Company wishes to advise that it expects this capital raising to continue until mid to late next week. As a result, the Company will remain in suspension and will release an announcement to the market as soon as practicable.

In addition Tellus has a large tenement package in regional New South Wales prospective for Intrusive Related Gold Deposits (IRG).

For further information on this announcement or Tellus Resources please contact:

A key part of the Company's strategy is to actively pursue the acquisition of, and/or participation in additional advanced resource projects.

Stephen Woodham Managing Director T: 0417 293 449 E: stephen.woodham@tellusresources.com.au

Anne Adaley

Company Secretary & Chief Financial Officer T: 02 9231 6231 E: anne.adaley@tellusresources.com.au

Directors/Officers:

Anthony Wehby Stephen Woodham Richard Willson Ben Salmon Anne Adaley

Issued Shares and Options:

44,380,555 shares 11,000,000 unlisted options

Tellus Resources Ltd

ASX Code: TLU

T: +61 2 9231 6231 F: +61 2 9231 6687

About Tellus

Tellus Resources Ltd is an ASX‐listed mineral exploration company focused on generating value for its shareholders by identifying and acquiring properties and projects that have significant discovery and development potential.

Tellus has acquired a large tenement package in northern Queensland and regional New South Wales prospective for Intrusive Related Gold Deposits (IRG). The strategic objectives of the Company are to enhance Shareholder wealth through implementing exploration programs on its existing projects. Tellus has continued to evaluate additional exploration and value‐accretive opportunities within Australia and internationally leading them to the proposed acquisition of PNC AUST Pty Ltd.

Website: www.tellusresources.com.au

TELLUS RESOURCES LTD ‐ ASX Announcement

1