HAWSONS IRON LTD — Capital/Financing Update 2013

Sep 23, 2013

ASX ANNOUNCEMENT

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24 September 2013

The Manager - ASX Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY, NSW 2000

- Hawsons Iron Project $2.9 million payment from Pure Metals

Pure Metals is to pay Carpentaria Exploration Limited $2.9 million under the terms of an agreement signed 4 May 2013 ( refer ASX Announcement 10 September 2013 ).

During the past two weeks Carpentaria and Pure Metals have been working together to ensure Pure Metals meets this commitment.

Carpentaria has agreed to a further one week extension to Monday 30 September 2013, to allow Pure Metals time to complete the transaction.

Pure Metals has agreed to reset Carpentaria’s buy back right such that should payment not be made by 30 September 2013 Carpentaria will have 60 days to elect to buy back Pure Metals share in the Joint Venture for a total cost of between $5 - 6 million (refer ASX announcement 10 September 2013) .

Both Pure Metals and Carpentaria will continue to work together to finalise the transaction in the shortest possible time.

For further information please contact:

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Quentin Hill Managing Director Carpentaria Exploration Limited +61 7 3220 2022 quentin.hill@capex.net.au

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CONNECT WITH US:

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Level 6, 345 Ann St Brisbane Queensland 4000 PO Box 10919, Adelaide Street, Brisbane Queensland 4000 Phone: + 61 7 3220 2022 Fax: + 61 7 3220 1291 info@capex.net.au www.capex.net.au

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