HAMMER METALS LIMITED — Capital/Financing Update 2013

May 28, 2013

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29 May 2013

RIGHTS ISSUE CLOSES WITH ENCOURAGING SUPPORT FROM SHAREHOLDERS

Midas Resources Limited (ASX: MDS) ( Midas or the Company ) is pleased to advise that the Company’s 4 for 1 renounceable rights issue closed on Friday 24[th] May 2013 with very encouraging support from shareholders despite the bearish conditions being experienced on equity markets.

Existing shareholders applied for approximately 631,306,976 shares or 29% of all shares on offer. The balance of 1,534,193,980 shortfall shares will be taken up by the Underwriter and Lead Manager to the Issue, Patersons Securities Limited (Patersons).

Midas Chairman Mr John Hopkins said today that “the Board is grateful for the support of its shareholders and Patersons as Lead manager and believes that such support reflects well on the quality of the Company’s mineral assets and the Board and Management.”

The Rights Issue will raise approximately $2.1 million before costs. The net proceeds will be applied as described in the rights issue prospectus.

The holding statements for the new securities will be dispatched on 31 May 2013 following reconciliation of funds.

- Ends -

For more information:

Mark Pitts Company Secretary Midas Resources Limited Level 1, 282 Rokeby Road, Subiaco, Western Australia 6008 Phone: +61 8 9388 2211 Fax: +61 8 9388 2600