HELIX RESOURCES LIMITED — Capital/Financing Update 2014

May 28, 2014

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ASX and Media Release: 29 May 2014 ASX code: MUX

MUX COMPLETED SALE OF TUNKILLIA and TARCOOLA PROJECTS

Mungana Goldmines Limited (ASX: MUX) has completed its sale of Tunkillia Gold Pty Ltd and its interests in the Tunkillia and Tarcoola gold projects in South Australia to WPG Resources Ltd (ASX: WPG) following satisfaction of all conditions precedent.

WPG has purchased all of the issued capital of Tunkillia Gold Pty Ltd which is Mungana’s 100% owned subsidiary and holds Mungana’s interests in the Tunkillia (MUX around 70%, Helix Resources Ltd (ASX: HLX) around 30%) and Tarcoola (100%) gold projects.

WPG previously paid a deposit of $150,000 and, under the terms of the Sale and Purchase Agreement announced on 22 May 2014, today paid Mungana a further $1.35 million in cash and 7.5 million fully paid ordinary shares in WPG (which are subject to voluntary escrow for 12 months).

For more information about Mungana Goldmines Ltd and its projects please visit our website www.munganagoldmines.com.au or contact:

Ben-Louis Ludik: CFO and Company Secretary Phone: +61 (0)7-3835 0800 Email: ben-louis@mungana.com.au

Yours sincerely

Ben-Louis Ludik

CFO and Company Secretary

Mungana Goldmines Ltd ABN 15 136 606 338 Level 12, 500 Queen Street, Brisbane, QLD, 4000 GPO Box 780 Brisbane QLD 4001

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