GBM RESOURCES LIMITED. — Capital/Financing Update 2015

Apr 12, 2015

==> picture [178 x 43] intentionally omitted <==

ABN 96 124 562 849

Principal office: 27 General Macarthur Place Redbank Qld 4301 Australia Postal address: P.O. Box 294 Carole Park Qld 4300 Australia Telephone: + 61 7 3381 5368 Facsimile: + 61 7 3381 5365 Email: michael@drummondgold.com.au Website: www.drummondgold.com.au

13 April 2015 Company Announcements Office ASX Ltd 20 Bridge Street SYDNEY NSW 2000

Dear Sirs,

Re: Completion of sale of Mt Coolon Gold Mines Pty Ltd to GBM Resources Limited.

Drummond Gold Limited (“DGO” or “the Company”) refers its announcement dated 9 February 2015 and is pleased to announce that it has completed the sale of its interest in the all the issued capital of Mt Coolon Gold Mines Pty Ltd to GBM Resources Limited (ASX: GBZ) “‘GBM”)) as approved by the DGO shareholders at the General Meeting of Shareholders held on 26 March 2015.

The total consideration under the contract is a cash component of $850,000 and 50 million fully paid ordinary shares in the capital of GBM that remains in voluntary escrow for a period of 12 months.

This transaction will result in refreshing of the Company’s assets after holding the Drummond Basin assets since the initial listing of the Company in 2007. In particular, the Company intends to continue to evaluate joint venture and acquisition opportunities and undertake research studies to evaluate the opportunities for grassroots exploration in Australia (focusing on Western Australia, New South Wales and Queensland). This early stage exploration will encompass reconnaissance and evaluative forays and perimeter drilling as required.

Please feel free to contact the Executive Chairman if you have any queries regarding the transaction.

Yours faithfully

DRUMMOND GOLD LIMITED

==> picture [101 x 49] intentionally omitted <==

EDUARD ESHUYS EXECUTIVE CHAIRMAN