IODM LIMITED — Capital/Financing Update 2012

Jun 20, 2012

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Suite 202, 122 Walker St W www.paradigmmetals.com.au North Sydney 2060 E info@paradigmmetals.com.au New South Wales T +61 2 9955 7130 AUSTRALIA F +61 2 8920 3576

ABN 28 102 747 133

ASX / Media Announcement

21 June 2012

Results of Company Share Purchase Plan Offer

Paradigm Metals Limited is pleased to announce the results of the Share Purchase Plan (SPP) offer sent to shareholders on 30 May 2012. The SPP closed on 15 June 2012 with a total of 82 applications for 35,395,368 shares to a value of $194,674.52. The amount raised is almost 80% of the maximum amount the Company is able to accept pursuant to the rules of the SPP, so the Directors consider this to be a good result.

The offer was taken up by approximately 10% of shareholders. The directors wish to thank all shareholders for their continued support of the Company.

Paradigm expects to spend the money on the continued development of existing projects as well as seeking and exploring new opportunities.

The directors expect to despatch holding statements on the 21 June 2012

Yours sincerely,

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Mr Stephen Lonergan

Company Secretary

PDM is a gold and gold-copper explorer and developer with its key projects located in the Lachlan Fold Belt of New South Wales and the Cloncurry region of Queensland.

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