HAVILAH RESOURCES LIMITED — Capital/Financing Update 2012

Jul 19, 2012

63 Conyngham Street Glenside 5065 South Australia phone 61 8 8338 9292 fax 61 8 8338 9293 email info@havilah-resources.com.au ABN 39 077 435 520

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HAVILAH RESOURCES NL

Dear Shareholders 20[th] July 2012

HAVILAH RESOURCES NL NON-RENOUNCEABLE RIGHTS ISSUE DETAILS

Further to Havilah Resources announcement of a 1 for 10 pro-rata non-renounceable rights issue (“Issue”) on 17 July, Havilah Directors are pleased to advise that Canaccord Genuity (Australia) Limited has been appointed Lead Manager to the Issue with a mandate to place all shortfall shares and options not taken up by shareholders.

The Issue will be on the basis of one new share at an issue price of sixty five cents (65¢) each for every ten shares held on the record date. Each new share will have an attaching free option exercisable at a price of $1 at any time within a period of 12 months from the date of issue. The Issue will raise approximately $7 million if all rights are taken up, with the exact figure dependent on the number of listed and unlisted options that are exercised prior to the record date for determining entitlements. Funds will be primarily used to advance development of the Portia gold deposit and for continued exploration drilling, including at the new Wilkins copper discovery.

A Prospectus for the Issue is in preparation and is planned to be lodged with the Australian Securities and Investments Commission and ASX Limited in early August. In the meantime, while waiting for the offer documents all holders of Havilah listed options will have an opportunity to exercise their listed options if they wish the resulting new shares to be eligible for the Issue.

Yours sincerely

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Bob Johnson, PhD Chairman

www.havilah-resources.com.au