GOLDARC RESOURCES LIMITED — Capital/Financing Update 2014

Jan 9, 2014

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ASX Release

10 January 2014

SALE OF TENEMENTS

Torian Resources NL (ASX:TNR) has entered into a formal sales agreement with Elsmore Resources Ltd (ASX:ELR) for the sale of its Mining Leases at Copeton, NSW and Emerald, Qld. Torian retains the rights to transact on the diamond interests on the Copeton leases.

The key condition precedent to the transaction was Elsmore’s listing on ASX which occurred on 23 December 2013.

Consideration for the sale of the assets is a cash payment of $50,000 together with 1,428,760 fully paid Elsmore Resources shares to be issued on or before 13 January 2014.

For further information please contact the company on:

Tel: (02) 9923 1786

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