GOLDEN DEEPS LIMITED. — Capital/Financing Update 2012

Aug 23, 2012

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24 A u gust 2012

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

Dea r Sir

GOLDEN DEEPS LIMITED TO UNDERTAKE A $1,425,000 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 agreed to place 15, 0 00,000 f u lly paid ordinary sh a res at an issue pric e of 9.5 ce n ts per sh a re to rais e funds of $ 1,425,00 0 , less ex p enses.

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