IMAGE RESOURCES NL — Capital/Financing Update 2014

Apr 30, 2014

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ASX Code: IMA 1 May 2014

Suite 4a, 5 Mumford Place Balcatta WA 6021 PO Box 1075 Balcatta WA 6914 Telephone 08 9485 2410 Facsimile 08 9240 7845 www.imageres.com.au

ABN 57 063 977 579

Market Update

Completion of an updated feasibility study is expected later this year. Pending this, the timetable in relation to off-take, finance, development and mining has been set aside.

Moreover, as the Company moves towards completing the updated feasibility study, its focus turns to fleshing out its technical and corporate team as well as expanding its exploration efforts.

Image remains committed to delivering a footprint for the development of the NPB Project that reflects current market conditions and provides maximum leverage to increases in commodity prices, for the benefit of current shareholders.

Please direct enquiries to:

Jon O’Callaghan Chairman and interim Managing Director

E: jonocallaghan@imageres.com.au

T: +44 7944 93358