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GOLDARC RESOURCES LIMITED Capital/Financing Update 2013

Apr 3, 2013

64961_rns_2013-04-03_76383bb7-b9c8-4c22-a0a7-7da7a73a4290.pdf

Capital/Financing Update

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ASX AND MEDIA RELEASE

Thursday, 4 April 2013

ANNOUNCEMENT OF THE SALE OF NSW TIN

Torian Resources (the Company) announces that after several months of negotiations it has finalised an agreement for the sale of one of the Company’s subsidiaries, NSW Tin Pty Limited (“NSW Tin”). NSW Tin holds all of the Company’s remaining Tin assets being one exploration licence in NSW EL 6986 of 17 sub blocks which expires in December 2013.

The terms of the sale provide that if NSW Tin or its assets including the licence form part of a future IPO or sale to a listed company Torian will receive $150,000 in shares in such company together with options of equal value at 200% of the issue price or sale price which are to be exercised within 2 years. All security deposits, bonds or application fees paid by Torian on behalf of NSW Tin remain the property of Torian and are to be refunded or recovered.

Torian notes that it is focusing its future programs in Africa and the sale of NSW Tin is part of a rationalisation of the existing assets of the company in Australia.

For further information contact:

Peter Ashcroft on Phone (02) 9247 2277 Email: [email protected]

Peter Ashcroft Director