IODM LIMITED — Capital/Financing Update 2015

Jun 2, 2015

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ABN 28 102 747 133

3 June 2015

PRO-RATA NON-RENOUNCEABLE ENTITLEMENT ISSUE – DESPATCH OF OFFER DOCUMENTS

As announced on 22 May 2015, Paradigm Metals Limited (“ PDM” or “the Company”) is undertaking a pro-rata nonrenounceable entitlement issue of approximately 733,903,149 fully paid ordinary shares in the capital of the Company ( Shares ) with 1 free attaching Option for every 2 Share subscribed to its shareholders who are registered as shareholders at 5pm (WST) on 29 May 2015 ( Record Date ) to raise approximately $2,201,709 ( Entitlement Issue ).

The Company will issue approximately 733,903,149 fully paid ordinary shares on the basis of 6 new shares for every 7 shares held as at the Record Date with 1 free attaching option for every 2 shares subscribed for and allotted under the Entitlement Issue ( Offer ). The shares offered under the Entitlement Issue will rank equally with the shares on issue at the date of the prospectus. The Company will seek approval from the ASX for quotation of the options.

The Company advises that the Prospectus and Entitlement and Acceptance forms which relate to the Entitlement Issue have today been posted to all eligible shareholders.

Should you have any queries in relation to this matter, please do not hesitate to contact the Company on (+61 8) 9200 4482.

Yours sincerely

Paula Cowan Company Secretary PARADIGM METALS LIMITED

Level 1 / 330 Churchill Avenue, Subiaco WA 6008 P.O. Box 540, Subiaco WA 6904, Australia Ph: +61 8 9200 4482, Fax: +61 8 9200 4469