GOLDARC RESOURCES LIMITED — M&A Activity 2014

Jan 9, 2014

Elsmore Resources Ltd

Level 13 370 Pitt Street Sydney NSW 2000 Ph 612 92670004 Fx 612 92670009

FOR IMMEDIATE RELEASE

10 January, 2014.

The Manager, Company Announcements Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

ELSMORE RESOURCES LTD (Elsmore)

Elsmore Resources Ltd (ASX:ELR) is pleased to announce that it has entered into a binding tenement contract with Torian Resources Limited (ASX:TNR) whereby Elsmore has agreed to purchase all of Torians right title and interest in 6 Mining Leases in the New England Region and 5 Mining Leases in Queensland.

Elsmore has paid a deposit of $50,000 pursuant to the agreement and will satisfy the remainder of the purchase by the issue of 1428760 ordinary fully paid shares in Elsmore to Torian. Which are to be issued on or before the expiry of 21 days from the date of listing being 23 December, 2013.

Torian is not a related party of Elsmore.

Joseph Chung the CEO of Elsmore said, “the purchase of the additional mining leases gives our company a much wider scope for production and processing and provides us with a critical mass necessary to have an impact in the marketplace. We consider that the leases are in good areas that can be utilized without significant increase in capital cost and can integrate very well with our existing tenement interests. The acquisition of mining leases with the permits attaches provides a speed to market that the company has been seeking.”

It is expected that the agreement will be completed by 13 January, 2014.

ELSMORE RESOURCES LTD

Joseph Chung

Executive Chief Executive Officer

For further information please contact: Mr Joseph Chung CEO Elsmore Resources Ltd Tel: 612 9267 0004 Email info@elsmoreresourceltd.com.au