GOLDARC RESOURCES LIMITED — Capital/Financing Update 2014

Apr 3, 2014

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ASX RELEASE

4 April 2014

AUCTION OF FORFEITED PARTLY PAID SHARES

Pursuant to ASX Listing Rule 3.12.1, Torian Resources NL advises that it will be holding a public auction to sell shares forfeited due to non payment of a Call at 10.00am on Tuesday, 22 April at the Company’s ASX home branch being Exchange Centre, 20 Bridge Street, Sydney NSW 2000.

Shares offered for sale by public auction will be fully paid ordinary shares in the Company (ASX: TNR). The maximum number of shares to be offered is 3,686,216.

Telephone bidding and absentee bidding options will be available for those who are unable to attend the auction in person, subject to prior registration with Company by no later than 5:00pm on 17 April 2013.

Partly Paid Shareholders whose shares have been forfeited for non-payment of the Call have a statutory right to redeem any or all of those Partly Paid Shares at any time up to 5:00pm on 17 April 2014 by paying all amounts due in respect of the Call, being $0.40 per Partly Paid Share.

For further information please contact:

Elissa Hansen Company Secretary 02 9290 9606

ABN: 72 002 261 565

Unit 12 263-269 Alfred Street North Sydney NSW 2060 Australia Phone +61 2 9923 1786 Fax +61 2 9923 1371 www.torianresources.com.au info@torianresources.com.au