HIGHFIELD RESOURCES LIMITED — Capital/Financing Update 2012

Aug 13, 2012

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ASX Release

14 August 2012

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HIGHFIELD RESOURCES LIMITED ACN 153 918 257

NAVARRA POTASH PROJECT – DEFINITIVE LEGAL AGREEMENTS EXECUTED

HIGHLIGHTS

Level 1 33 Richardson Street West Perth WA Australia

• Definitive legal agreements executed for the acquisition of the Navarra Potash Project.

• Due diligence completed.

• Clear path to a maiden JORC Resource.

Tel: +61 8 9200 4426 Fax: +61 8 9200 4469

• Formal regulatory approvals received.

• Completion subject to shareholder approval.

Contact

Mr Anthony Hall Managing Director

E-mail info@highfieldresources. com.au

Officeholders

Anthony Hall Jonathan Murray Mark Arundell Aaron Bertolatti Scott Funston

Issued Capital 44.0 million shares 6.0 million options

NAVARRA POTASH PROJECT UPDATE

The Board of Highfield Resources Limited ( Company or Highfield ) is pleased to announce the execution of definitive legal agreements to complete the acquisition of the Navarra Potash Project ( Project ).

Importantly due diligence is now satisfactorily complete and formal regulatory approvals for the acquisition have been received. Specialist potash geological and mining engineering firm, North Rim Exploration Ltd has finalised a technical report on the Project that shows a clear path to a maiden JORC Resource.

Completion is now subject to shareholder approval at the Company’s 2012 Annual General Meeting ( AGM ) targeted for mid to late September 2012.

Further details of the acquisition and the North Rim technical report on the Project will be set out in the Notice of Meeting for the Company’s AGM.

The Board believes the acquisition is extremely positive for the Company and it looks forward to articulating its strategy for the coming year at the AGM.

ASX Code HFR

Anthony Hall Managing Director

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