G11 RESOURCES LIMITED — Capital/Financing Update 2012

Dec 10, 2012

ASX and Media Release 11 December 2012

Saudi Arabia investment update

Further to the ASX announcement on 8 August 2012 of the signing of formal documentation for the proposed acquisition of a 51% interest in a suite of gold, copper and base metal exploration assets in the Kingdom of Saudi Arabia, Lawson Gold Limited (ASX:LSN or Company) wishes to advise that notwithstanding the passing of the documented transaction end date (the consequence of which is that the formal agreements have come to an automatic end), the parties remain in discussions and are continuing to work together to seek to progress the transaction on as short a timetable as is possible. These discussions may result in some revised commercial terms being agreed between the parties but these will not disadvantage Lawson shareholders.

The Company intends to acquire a 51% interest in a suite of gold, copper and base metal exploration assets in the Kingdom of Saudi Arabia and to raise a minimum of A$15 million to accelerate exploration on a number of high priority targets on the 2,247 km²tenement package. As part of the overall transaction, LSN intends to demerge its exploration tenements near Kalgoorlie, Western Australia (plus A$2.2m in cash) into a new company (NewCo) and distribute the shares in NewCo to give LSN shareholders continuing ownership of those assets.

For further details of the transaction see the Company’s announcements to ASX of 2 April and 8 August 2012.

For further information :

David Hillier Chairman +61 (0) 408 236 408 David Turvey Executive Director +61 (0) 416 119 583