IODM LIMITED — Capital/Financing Update 2015

Apr 16, 2015

ASX release 17 April 2015 ASX: PDM

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CAPITAL RAISING – IMMEDIATE PLACEMENT AND MANDATE FOR FUTURE RAISING

The Board of Paradigm Metals Limited (“Paradigm” or “the Company”) is pleased to announce that it has raised $205,000 in a Placement to sophisticated and professional investors through the issue of 68,333,330 new shares at $0.003 per share. Lodge Corporate acted as Broker to the placement.

The Company has also appointed Lodge Corporate Pty Ltd (“Lodge Corporate”) to manage future capital raising initiatives post the release of final assay results from the first drilling programme on the Pedra Petra target at the Caninde Graphite project. The Company expects to receive final results by the end of April 2015.

The Company views the introduction of new shareholders through the Placement and the appointment of Lodge Corporate as a key development in the progress of the Company as it continues its exploration and development activities on its flagship project.

Funds raised pursuant to the Placement will be allocated towards the next phase of exploration at the Caninde´Graphite project following analysis of the outstanding drilling results.

The Company looks forward to updating investors on these results in due course.

Yours sincerely,

Anthony Reilly Chief Executive Officer 17th April 2015

Email: info@paradigmmetals.com.au

Website: www.paradigmmetals.com.au

Level 1, 330 Churchill Avenue Subiaco WA 6008 Tel: +61 8 9200 4482 Fax: +61 8 9200 4469

Contact : Anthony Reilly Managing Director info@paradigmmetals.com.au

Directors: Anthony Reilly Nicholas Lindsay Brian McMaster

Paradigm Metals (ASX:PDM ) - Capital Raising – Immediate Placement and Mandate for Future Raising