GROUP 6 METALS LIMITED — Capital/Financing Update 2012

Sep 3, 2012

Tuesday 4[th] September 2012

KING ISLAND SCHEELITE LIMITED (KIS)

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RIGHTS ISSUE CLOSES WITH STRONG SUPPORT FROM SHAREHOLDERS

King Island Scheelite Limited (the Company) is pleased to advise that its Renounceable Rights Issue Offer announced on Thursday 2[nd] August 2012 closed on Friday 31[st] August 2012 with strong support from shareholders.

Eligible Shareholders applied for a total of $752,922, approximately 76% of amount offered pursuant to the terms of the Offer.

The remaining shortfall of $240,056 (or approximately 24%) will be taken up by the Underwriters to the Offer.

The net proceeds will be applied as described in the Renounceable Rights Issue Offer information booklet.

Holding statements for the new shares will be despatched shortly.

Mr Tony Haggarty, the Company’s Chairman, said “we are very pleased with the response the Company has received to the Offer.”

For further information, please contact: Simon Bird Chief Executive Officer (02) 8622 1400

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