FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Capital/Financing Update 2014

Mar 3, 2014

ASX ANNOUNCEMENT 4[th] March 2014

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ASX RELEASE

Allotment of Securities

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

Directors:

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

Issued Shares:

152,666,433 ordinary shares

Tellus Resources Ltd

ASX Code: TLU

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

Level 5, 70 Pirie Street, Adelaide, SA 5000

Website: www.tellusresources.com.au

Enquiries :

Carl Dorsch

Tellus Resources Limited (TLU or the Company) wishes to announce that it has today allotted the following securities:

1. 3.5M ordinary shares have been placed to sophisticated investors, at a price of 7c per share, raising a total of $246,000. This is the first tranche in an overall suite of placements to raise up to $2M which the Company expects to finalise in the next two weeks. This price represents a 6.7% discount to the last traded price on 3 March 2014.

2. Shares and options have been issued as consideration for professional services rendered to the Company, as follows:

3. (a) 2.25M ordinary shares have been issued as a finder’s fee in connection with the securing of the Covenant Mondo Project.

4. (b) 1.5M 20c options (expiring on 17 Sep 2017) have been issued in connection with a capital raising made in 2013.

A cleansing Prospectus is to be issued shortly which allows the above allotment of shares to be tradeable. 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 “It is pleasing that the capital raising efforts of the Company continue to be supported at only a small discount to our share price. This reflects building investor interest in our upcoming drilling programs in the US and Australia.”

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

TELLUS RESOURCES LTD - ASX Announcement

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