FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Capital/Financing Update 2014

Apr 9, 2014

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MARKET RELEASE

10 April 2014

Tellus Resources Limited

REINSTATEMENT TO OFFICIAL QUOTATION

The suspension of trading in the securities of Tellus Resources Limited (the “Company”) will be lifted immediately, following the Company’s announcement in relation to the proposed capital raising.

Security Code: TLU

Simon Daniels Adviser, Listings Compliance (Sydney)

ASX ANNOUNCEMENT 10[th] APRIL 2014

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ASX RELEASE

Placement

Tellus Resources Ltd is an Australian-based oil, gas and mineral exploration company with licences in South Australia, Queensland and New South Wales.

Tellus Resources Limited (TLU or the Company) is pleased to announce that it has raised $1M through the placement of 16.7M new shares to sophisticated investors. The funds raised will be used for the Company’s high impact Covenant Mondo Project (CMP) in Utah, the first well of which will spud in this current quarter.

Directors:

Robert Kennedy (Chairman) Carl Dorsch (Managing Director) Ben Salmon (Non-Executive Director) Neil Young (Non-Executive Director)

Issued Shares:

154,766,435 ordinary shares

Tellus Resources Ltd ASX Code: TLU

T: +61 8 8100 9208 F: +61 8 8223 3235

The placement was priced at 6c per share, a 14% discount to the last closing share price of 7c. Unlisted options will be issued to the placees on a 1 for 2 basis, with an exercise price of 10c and an expiry date of 31 December 2015.

The cleansing Prospectus issued by the Company on 7 March 2014 allows the placed shares to be tradeable (and its nominal closing date of 14 April 2014 may be extended by the Company if required). This Prospectus replaces the usual cleansing notice and is required because of a period of suspension of the Company’s shares within the last twelve months.

Commenting on the placement, the Company’s Managing Director, Mr Carl Dorsch, said “I am pleased that Tellus has obtained the capital to fund the next stage of the CMP and I look forward to providing shareholders with more progress reports on this project in the near term.”

Level 5, 70 Pirie Street, Adelaide, SA 5000

Website:

www.tellusresources.com.au

Enquiries :

Carl Dorsch

+61 (0)400 508 088 carl.dorsch@tellusresources.com.au

TELLUS RESOURCES LTD - ASX Announcement

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