HIGHFIELD RESOURCES LIMITED — Capital/Financing Update 2013

Aug 8, 2013

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ASX Release

9 August 2013

HIGHFIELD RESOURCES LIMITED ACN 153 918 257

ASX Code HFR

Registered Office Level 1 33 Richardson Street West Perth WA Australia

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

SECOND AND FINAL TRANCHE OF EMR CAPITAL INVESTMENT RECEIVED

HIGHLIGHTS

• Final EMR Capital Investment of $4.87 million received, taking the firm’s total investment to $10 million

• EMR Capital now holds 40,000,000 HFR shares (29.5% of Highfield Resources on an undiluted basis, 15.9% on a fully diluted basis)

SECOND AND FINAL TRANCHE PLACEMENT FUNDS RECEIVED

The Board of Highfield Resources (HFR: ASX) is pleased to confirm the receipt of Tranche 2 funds of $4,873,312.20 from EMR Capital. EMR Capital has been allotted 23,755,626 ordinary shares to date.

Head Office

Calle Navas de Tolosa, 5 - 1°B, 31002 Pamplona, Spain

Tel: +34 948 050 577 Fax: +34 948 050 578

The second tranche allotment of 16,244,374 ordinary shares at 30c to raise $4,873,312 was approved by shareholders at a General Meeting on 28 June 2013. As a result of the second and final Tranche, EMR holds 40 million ordinary shares. This represents 29.5% of outstanding ordinary share capital on an undiluted basis and 15.9% on a fully diluted basis.

EMR CAPITAL

Contact Anthony Hall Managing Director

Directors Derek Carter Anthony Hall Pedro Rodriguez Scott Funston Richard Crookes Jonathan Murray

Company Secretary Aaron Bertolatti

Issued Capital

135.5 million shares 103 million performance shares 20 million options

EMR is an Australian based specialist resources based private equity fund manager. EMR is presently seeking to increase commitments in its current fund from $100m to $400m.

EMR’s investment team has an outstanding track record of resource discovery and development with an ability to recognise and unlock significant value by advancing projects from pre-production through to large scale production.

Anthony Hall Managing Director Anthony.Hall@highfieldresources.com.au Ph: +61 (0) 417 466 039

Simon Hinsley Investor Relations simon@nwrcommunications.com.au Ph: +61 (0) 401 809 653

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ABOUT HIGHFIELD RESOURCES

Highfield Resources is an ASX Listed potash company with four key projects located in Spain and Australia.

Highfield’s Javier, Pintano and Sierra del Perdon potash projects are located in the Ebro potash producing basin in Northern Spain. The Sierra del Perdon project includes two former operating mines. Highfield’s key objective is to quickly recommence production from these mines. The Javier and Pintano potash projects are located in two separate sub basins within 60 kilometres of the former operating mine. Highfield owns a 100% interest in the five granted tenements with three applications pending that comprise the three projects and cover over 400 km[2] .

Highfield’s McLarty potash project is located in the Canning Basin of northern Western Australia. The Company has entered into a farm in agreement to explore three granted tenements and may obtain an interest of up to 80% of the project.

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Figure 1: Location of Highfield’s Javier, Pintano and Sierra del Perdón projects in Northern Spain