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GOLDARC RESOURCES LIMITED Capital/Financing Update 2012

Aug 19, 2012

64961_rns_2012-08-19_3aaa032d-86b6-4301-8b7e-fce709400fe9.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT & MEDIA RELEASE

Monday 20 August 2012

TORIAN TO PROCEED WITH $1.25M CAPITAL RAISING

APPOINTMENT OF NOVUS CAPITAL AS FINANCIAL ADVISOR & BROKER
IN RELATION TO PROPOSED CAPITAL RAISING OF $1,250,000

Torian Resources NL (ASX:TNR) announces it has entered a mandate agreement with Novus Capital Limited whereby Novus will provide advice on capital raising, investor relations and assist on a best endeavours basis with raising an initial $500,000 by way of placement or convertible note and thereafter assist with a rights issue or similar with a minimum target of $750,000.

Torian is proceeding to settle the agenda for special general meeting proposed to be held on Wednesday 17 October 2012 to approve the fund raisings and refresh its 15% capacity.

For further information:

Peter Ashcroft

Executive Chairman