ILUKA RESOURCES LIMITED — Capital/Financing Update 2015

Apr 14, 2015

ASX: WIN

Iluka Tenement Sale – Fraser Range South

– For Immediate Release –

CORPORATE DIRECTORY

The Company wishes to announce that it has entered into an Asset Sale and Purchase Agreement ( ASPA ) with Iluka Resources ( ASX: ILU ) on part of its Fraser Range South ( FRS ) project area, specifically tenements E70/4064 and E70/4084 – Figure: 1 .

The terms of the ASPA allow Iluka to purchase a 100% interest in the tenements listed above, together with associated mining information, for a consideration of $80,000. Windward will retain no rights in the tenements.

Reducing the extremely large landholding of the Company through systematic exploration allows Windward to focus its resources on areas it believes to be of higher prospectivity.

The Company continues to advance exploration activities on its remaining FRS project area.

FAST FACTS

For further information, please contact:

CONTACT DETAILS

David J Frances Managing Director and CEO

Media: Paul Armstrong/Nicholas Read Read Corporate +61 8 9388 1474

Bronwyn Barnes Non-Executive Chair

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Figure: 1 – FRS Project showing location of the Iluka Asset Sale and Purchase Agreement tenements (E70/4064 & E70/4084).

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