GOLDEN DEEPS LIMITED. — Capital/Financing Update 2012

Sep 5, 2012

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6 Se p tember 201 2

The Manager Australian Securities Exchange ASX Market Announcements Office Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dea r Sir

GOLDEN DEEPS COMPLETES CAPITAL RAISING

The B oard of G olden De e ps Limite d (ASX: GED) is ple a sed to announce th a t the Company has complete d a place m ent of 15 , 068,800 fully paid o rdinary s h ares, at a n issue price of 9. 5 cents p er share, to sophi s ticated a n d profes s ional inve s tor client s of Pelot o n Capita l Pty Ltd to raise f u nds of $ 1 ,431,535 , less exp e nses.

The c apital rai s ed through the plac e ment will be used t o continue the explo r ation of t h e Comp a ny’s highly prospe c tive Deblin Copp e r Mine a n d its re g ional expl o ration pr o gramme in the Ota v i Mountainland in N amibia, a nd for w o rking capital.

Yours faithfully Norman Grafton Company Secretary Golden Deeps Limited

Golden Deeps Limited (A B N 12 054 570 777) st  1 Floor, 8 Parliam e nt Place, Wes t Perth, WA 60 0 5  PO B o x 1618, West P erth, WA 687 2

 www.goldend e eps.com  t: +61 8 9481 7833  f: +61 8 9481 78 3 5  email: ged@golden d eeps.com