GOLDARC RESOURCES LIMITED — Capital/Financing Update 2012

Jul 29, 2012

==> picture [585 x 154] intentionally omitted <==

ASX AND MEDIA RELEASE

STRATEGIC ALLIANCE

Monday 30 July 2012

TORIAN IMFA STRATEGIC ALLIANCE

Torian announces that it has entered into a strategic alliance with the Indigenous Monetary Fund of Australia (IMFA). Torian and IMFA have agreed to jointly manage the new initiative, with Torian being the primary operator in respect to exploration and mining projects in Australia and IMFA providing referrals and funding for the various projects.

IMFA brings

• Special relationships with indigenous communities requiring assistance with the exploration and/or development of natural resource projects in Australia

• Special relationships with a number of resource companies who are prepared to refer projects to the new alliance

• Access or the rights to patented processing techniques and procedures for mining

• Access to substantial funding for the development of the alliance projects.

Torian and IMFA have complementary skills, resources and relationships, and this alliance adds significant value to Torian while facilitating the aims of IMFA.

IMFA has recently subscribed for shares in Torian and has indicated a commitment to support both Torian and the joint alliance into the future.

Torian recognises that IMFA has a special relationship with Aboriginal people and that its primary focus is to improve the status, education, culture, health and financial security of Australian Aboriginals. The strategic alliance with Torian is one means of achieving these outcomes.

==> picture [585 x 170] intentionally omitted <==

==> picture [175 x 46] intentionally omitted <==

Torian’s primary purpose as an ASX listed entity is to generate a return for shareholders, with the IMFA as both a strategic partner and stakeholder there exist synergies that works in everyone’s favour. The development of commercially profitable resource projects be they linked to a community project or not, will benefit all stakeholders.

Torian and IMFA are currently discussing several projects and developments will be announced to the market as they emerge.

For further information contact:

Peter Ashcroft Executive Chairman Phone: (02) 9247 2277 Email: info@torianresources.com

2