GORILLA GOLD MINES LTD — Capital/Financing Update 2013

Aug 6, 2013

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COMPANY ANNOUNCEMENT

Reduction in production

7 August 2013: Mintails Limited ( ASX: MLI ) (“ the Company or “Mintails” ) releases information regarding a reduction in production following two successive below forecast gold pours.

Mintails has recently experienced a shortfall in production below forecast that has resulted in the Company failing to meet production break-even. This shortfall is expected to continue in the near term as the Company identifies and addresses its cause, allowing production to return to a cash flow positive position as soon as possible.

The Company has, and is, taking steps to mitigate the adverse effect of the production shortfall on its financial position. However, the lower production has had an adverse impact on the Company’s outstanding creditor position, with Mintails at times exceeding agreed terms with critical suppliers. Management are maintaining a dialogue with these suppliers, who continue to support the Company at the current time. The Company is currently in discussions to secure urgent short-term funding to support its working capital position during the current production shortfall.

The Company will provide updates as and when further information becomes available.

On behalf of the Board

Mark Brune Chairman Mintails Limited

About Mintails Limited

Mintails Limited (ASX Code: MLI) is an Australian listed company with management and operations in South Africa. Mintails processes and recovers gold from both tailings and surface resources which are present on the West Rand of South Africa’s historic Witwatersrand Basin. To find out more, visit Mintails at: www.mintails.com