GOLD MOUNTAIN LIMITED — Capital/Financing Update 2013

Dec 18, 2013

ACN 115 845 942

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Attn. Company Announcements Office Australian Securities Exchange

19 December 2013

Re: Non-Renounceable Rights Issue

The Board of Directors wishes to confirm that the Commissioners Gold Ltd Non-renounceable Rights Issue announced 18 November 2013 has now closed.

6,471,829 shares with attaching options have been subscribed for providing the Company with $129,436.58 and in accordance with the Prospectus the Directors will now proceed with a placement of up to 45,995,085 shortfall shares.

The proposed date for the allotment of new shares and attaching options is Tuesday 24 December 2013.

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----- Start of picture text ----- Mollehuaca Gold Plant very close to production ready----- End of picture text -----

The Mollehuaca Gold Plant Peru-October 2013: Production soon.

Yours faithfully

Keith Taylor K R Taylor Company Secretary