IODM LIMITED — Interim / Quarterly Report 2013

Mar 7, 2013

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ABN 28 102 747 133

INTERIM FINANCIAL REPORT

FOR THE PERIOD ENDED

31 DECEMBER 2012

Interim Financial Report

December 2012

TABLE OF CONTENTS

Directors’ Report	2
Auditor’s Independence Declaration	7
Consolidated Statement of Profit or Loss and Other Comprehensive Income	8
Consolidated Statement of Financial Position	9
Consolidated Statement of Changes in Equity	10
Consolidated Statement of Cash Flows	11
Notes to and forming part of the Financial Report	12
Directors’ Declaration	15
Independent Auditor’s Review Report	16

1

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND SUBSIDIARIES

DIRECTORS’ REPORT

FOR THE SIX MONTHS TO 31 DECEMBER 2012

The Directors of Paradigm Metals Limited (“PDM”) submit the interim financial report of the consolidated entity for the half-year ended 31 December 2012 consisting of Paradigm Metals Limited (the “parent entity”) and the entities it controlled for the half-year ended 31 December 2012.

1. Directors

The names of Directors who held office during or since the end of the half-year were:

Graham Carman Non-executive Director John Gaskell Non-executive Director (Resigned on 30 September 2012) Stephen Lonergan Non-executive Director (Resigned on 31 December 2012) Brian McMaster Non-Executive Director (Appointed on 14 September 2012) Mattheus Pieterse Executive Director (Appointed on 18 December 2012)

2. Corporate

Paradigm Metals Limited (“Paradigm”) is continuing its focus on gold and copper exploration in central New South Wales and northwest Queensland. The Company also continues to review opportunities for investment in Australia and overseas.

During the period Mr John Gaskell and Mr Stephen Lonergan resigned as Non–Executive Directors of Paradigm and Mr Brian McMaster joined Paradigm as a Non-Executive Director. Mr Mattheus Pieterse also joined Paradigm as an Executive Director.

3. Operations and Financial Performance

During the half year the Consolidated Entity continued its operations as a mineral explorer. The Consolidated Entity made a loss for the 6 month period to 31 December 2012 of $427,654 (2011: $257,255). Included within the loss for the period is a write down on the Marranoonbah and Rosedale tenements of $191,469 as these have been relinquished.

The Consolidated Entity’s cash balance at 31 December 2012 was $1,896,012 (30 June 2012: $408,502).

2

DIRECTORS’ REPORT (cont’d)

4. Review of Operations

Non-Renounceable Rights Issue

Paradigm (PDM) completed its fully underwritten non-renounceable entitlement issue of one fully paid ordinary share for every one existing share to eligible shareholders. The rights issue was at an issue price of $.008 per share and raised $1,707,505, before costs.

The rights issue was jointly underwritten by Taylor Collison Ltd and Cunningham Peterson Shabanee Securities Pty Ltd (CPS) and closed in November 2012.

The proceeds raised will be used primarily for the assessment of new projects, and the continued exploration of the Yellow Mountain project.

Yellow Mountain project (PDM 30%, may earn 51%)

Work at Yellow Mountain during the period focussed on the Yellow Mountain Mine area, an area of known base metal mineralisation that is prospective for associated copper gold mineralisation and the Fountaindale magnetic anomaly.

At the Yellow Mountain Mine area rockchip sampling and re-assaying of historic diamond core has outlined an area of shallow copper gold mineralisation associated with the Main shaft zone of silver lead zinc mineralisation (see Figure 1).

PDM is reviewing the historic geophysical data while assessing the potential of an EM survey of the Main shaft zone to test the known shallow copper-gold mineralisation at the Main Shaft area of the Yellow Mountain Mine area.

Previous drilling by other explorers in the area found broad zones of copper and gold mineralisation including:

 YD13: 32m @ 1.69g/t Au, 0.36% Cu & 34g/t Ag from 185m; (including 7.4m @ 7.40g/t Au, 0.70% Cu & 102g/t Ag from 206.6m)  PYM011: 56m @ 0.50g/t Au, 0.30% Cu & 34g/t Ag from 14m;  PYM012: 64m @ 0.40g/t Au, 0.40% Cu & 24g/t Ag from 64m;  PYM013: 41m @ 0.36g/t Au, 0.23% Cu & 17g/t Ag from 10m;  YD02: 37m @ 0.31g/t Au, 0.31% Cu & 21g/t Ag from 77m;  YD05: 28m @ 0.30g/t Au, 0.33% Cu & 19g/t Ag from 46m;  YP05A: 83m @ 0.44% Cu (no Au or Ag assays) from surface;

In late December PDM completed a pole – dipole IP survey covering the Fountaindale prospect, which is part of the Melrose magnetic anomaly. The IP survey was designed to target the Fountaindale prospect and complement earlier IP surveys carried out by Triako Resources in 2003 and 2004.

The Fountaindale area is believed to be prospective for porphyry copper-gold deposits of the Cadia-Ridgeway type.

The Melrose magnetic anomaly is a 10 kilometre-long magnetic body that has been modelled to depths of > 2km and has similarities in size and strength to the magnetic anomaly at Newcrest’s Cadia-Ridgeway mine.

3

DIRECTORS’ REPORT (cont’d)

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Figure 1: Main Shaft area highlighting the mineralised Cu-Au holes and targets @ Yellow Mountain

The Ladies, Cloncurry (PDM 100%)

EPM 19016 “The Ladies” was granted to Paradigm during February 2013 for a period of 5 years.

The Ladies is prospective for iron-oxide copper-gold style mineralisation and is located between Mt Isa and Cloncurry close to the Barkly Highway and infrastructure.

Results of reconnaissance samples by Paradigm grade up to 11% copper in oxidized surface outcrops and in old workings.

• 8 historic Cu-Au prospects occur along a 2 km trend;

• Paradigm rockchips from 2 of the 8 prospects returned up to 11% copper (oxide) and 2 g/t gold;

• Placer Exploration drillhole MSP-1, at the Morning Star prospect, intersected shallow copper-gold mineralisation including 16m @ 0.76% Cu and 0.12g/t Au from 46m;

Paradigm will continue exploration of The Ladies in the coming months.

4

DIRECTORS’ REPORT (cont’d)

Toolebuc Joint Venture (PDM 50%)

An application to renew EPM 16073 “Toolebuc” was lodged in early 2012 and the renewal was granted in late 2012. Due to the length of time the renewal process took no exploration was carried out during the second half of 2012. Planning for fieldwork once the wet season is over is underway and will focus on following up the results of the November 2011 drilling.

Four Mile Tank, Cloncurry (PDM 100%)

The Four Mile Tank project (EPM 18294) was granted on the 23 April 2012 for a period of five years.

Four Mile Tank is located 140 km north-east of Mt Isa and is prospective for copper/gold, Rare Earth Element &/or uranium mineralisation and contains a number of prospective magnetic targets.

PDM will commence exploration at Four Mile Tank when it next conducts work in the Cloncurry area.

NSW Base Metals & Tungsten Projects

Resmetco Limited has an option to purchase PDM’s 100% interest in NSW Exploration Licence 6724 which contains the White Rock tungsten project. Resmetco is an unlisted public company based in Brisbane and is focussed on listing on the ASX in the next 6 months.

The option may be exercised by Resmetco within the option term only after Resmetco has been admitted to the Official List of the ASX. During the option term, which expires in August 2013, Resmetco is required to keep EL 6274 in good standing. On exercise of the option, Resmetco is required to issue 4 million ordinary fully paid Resmetco shares to PDM.

The White Rock tungsten project, EL 6274, has a JORC-compliant Inferred Mineral Resource of 260,000 tonnes at 0.7% tungsten oxide with additional exploration potential adjacent and beneath the current resource.

Presently EL 6724 is under renewal with the NSW Department of Trade and Investment.

The Kangiara project, EL 7273, contains a JORC-compliant Indicated and Inferred Mineral Resource of 2.75 million tonnes at 1.3% zinc, 1.0% lead, 0.18% copper, 0.5 g/t gold, and 24 g/t silver. Kangiara has the potential to host significant oxide silver mineralisation, with drill intercepts including 18m @ 151 g/t silver from surface.

The Frogmore project, EL 6590, contains significant copper mineralisation at the Pride of Frogmore prospect based on PDM drill holes. The Company has targeted a deposit of 1.5 to 3 million tonnes at Frogmore, and the project requires additional drilling to realise the potential. Exploration potential for copper also exists elsewhere in the Frogmore project area.

Presently EL 6590 is under renewal with the NSW Department of Trade and Investment.

PDM is also actively seeking expressions of interest to buy or to farm-in to its other tenements in the Boorowa region of southern NSW.

5

DIRECTORS’ REPORT (cont’d)

Auditor’s Independence Declaration

In accordance with the audit independence requirements of the Corporations Act 2001, the Directors have received and are satisfied with the “Auditors’ Independence Declaration” provided by the Company’s external auditors BDO. The Auditors’ Independence Declaration has been attached on page 7 of this half year financial report.

Signed in accordance with a resolution of the Directors.

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Brian McMaster

Director

Dated: 8 March 2013

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Greg Curnow who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Curnow is the Chief Executive Officer of the Company, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Curnow consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Tel: +61 2 9251 4100 Level 10, 1 Margaret St Fax: +61 2 9240 9821 Sydney NSW 2000 www.bdo.com.au Australia

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DECLARATION OF INDEPENDENCE BY JOHN BRESOLIN TO THE DIRECTORS OF PARADIGM METALS LIMITED

As lead auditor for the review of Paradigm Metals Limited for the half-year ended 31 December 2012, I declare that to the best of my knowledge and belief, there have been:

• no contraventions of the auditor independence requirements of the Corporations Act 2001 relation to the review; and

• no contraventions of any applicable code of professional conduct in relation to the review.

This declaration is in respect of Paradigm Metals Limited and the entities it controlled during the period.

John Bresolin

Partner

BDO East Coast Partnership

Sydney, 8 March 2013

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half year ended 31 December 2012

		Half year to	Half year to
		31 Dec 2012	31 Dec 2011
	Note	$	$
Other income		9,562	29,145
Expenses	2	(437,066)	(286,355)
Share of Joint Venture Losses		(150)	(45)
Loss before income tax		(427,654)	(257,255)
Income tax expense		-	-
Loss for the half-year		(427,654)	(257,255)
Other comprehensive income for the half-year		-	-
Total comprehensive income for the half-year
attributable to owners of theparent		(427,654)	(257,255)
Basic earnings per share (cents per share)		(0.15)c	(0.17)c
Diluted earnings per share (cents per share)		(0.15)c	(0.17)c

The Consolidated Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the attached notes.

8

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

Consolidated Statement of Financial Position As at 31 December 2012

		As at	As at	As at	As at
		31 Dec	2012	30 June	2012
	Note	$		$
CURRENT ASSETS
Cash and cash equivalents		1,896,012			408,502
Trade and other Receivables			-		1,001
Other current assets			100,739		85,822
Share of Joint Venture Current Assets			299		1,041
TOTAL CURRENT ASSETS		1,997,050			496,366
NON-CURRENT ASSETS
Plant and equipment			45,160		55,739
Other non-current assets			2,500		12,500
Exploration and evaluation assets		3,248,129			3,354,624
Share of Joint Venture Non-Current Assets			60,963		60,370
TOTAL NON-CURRENT ASSETS		3,356,752			3,483,233
TOTAL ASSETS		5,353,802			3,979,599
CURRENT LIABILITIES
Trade and other payables			16,585		20,962
Share of Joint Venture Current Liabilities			8,750		6,663
TOTAL CURRENT LIABILITIES			25,335		27,625
NON-CURRENT LIABILITIES
Long-termprovisions			5,000		5,000
TOTAL NON-CURRENT LIABILITIES			5,000		5,000
TOTAL LIABILITIES			30,335		32,625
NET ASSETS		5,323,467			3,946,974
EQUITY
Share capital	6	12,995,477		10,927,027
Share Option Reserve			103,409		367,712
Accumulated losses		(7,775,419)		(7,347,765)
TOTAL EQUITY		5,323,467			3,946,974

The Consolidated Statement of Financial Position is to be read in conjunction with the attached notes.

9

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

Consolidated Statement of Changes in Equity For the half year ended 31 December 2012

	Issued Capital Option Reserve Accumulated Losses Total $ $ $ $
As at 1 July 2012 Loss after income tax expense for the half year Other comprehensive income for the half year, net of tax Total comprehensive income for the half-year Transactions with owners in their capacity as owners: Shares issued during the half-year - Placement of shares - Transaction costs relating to issue of shares - Options lapsed during the year Balances as at 31 December 2012 As at 1 July 2011 Loss after income tax expense for the half year Other comprehensive income for the half year, net of tax Total comprehensive income for the half-year Balance as at 31 December 2011	10,927,027 367,712 (7,347,765) 3,946,974 - - (427,654) (427,654) - - - -
	- - (427,654) (427,654)
	1,927,505 - - 1,927,505 (123,358) - - (123,358) 264,303 (264,303) - -
	12,995,477 103,409 (7,775,419) 5,323,467
	10,732,353 367,712 (6,833,206) 4,266,859 - - (257,225) (257,225) - - - -
	- - (257,225) (257,225)
	10,732,353 367,712 (7,090,431) 4,009,634

The Consolidated Statement of Changes in Equity is to be read in conjunction with the attached notes.

10

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

Consolidated Statement of Cash Flows For the half year ended 31 December 2012

	Half year	ended	Half year ended
	31 Dec	2012	31 Dec 2011
	$		$
Cash flows from operating activities
Payments to suppliers and employees	(236,848)		(328,260)
Rent received		934	1,871
GST received		-	14,245
Interest received		8,628	27,274
Net operatingcash flows	(227,286)		(284,870)
Cash flows from investing activities
Receipt of tenement deposits relinquished		-	-
Payment for plant, property and equipment		-	-
Payments for exploration		(89,351)	(193,069)
Net investment – Toolebuc Resources P/L		-	(10,674)
Net investingcash flows		(89,351)	(203,743)
Cash flow from financing activities
Proceeds from issue of equitysecurities(net of issue costs)	1,804,147		-
Net financingcash flow	1,804,147		-
Net (decrease)/ increase in cash held	1,487,510		(488,613)
Cash at 1 July2012		408,502	976,522
Cash at 31 December 2011	1,896,012		487,909

The Consolidated Statement of Cash Flows is to be read in conjunction with the attached notes.

11

Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This half year financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2012 and any public announcements made by Paradigm Metals Limited during the half year reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

(a) Basis of preparation of half-year financial report

This general purpose financial report for the interim half-year reporting period ended 31 December 2012 has been prepared in accordance with Australian Accounting Standard AASB 134 'Interim Financial Reporting' and the Corporations Act 2001, as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'.

The half year financial report is presented in Australian dollars and has been prepared on the basis of historical cost. Cost is based on the fair values of the consideration given in exchange for assets.

The accounting policies and methods of computation adopted in the preparation of the half year financial report are consistent with those adopted and disclosed in the Company’s annual financial report for the financial year ended 30 June 2012 unless otherwise stated. For the purpose of preparing the half year financial report, the half year has been treated as a discrete reporting period.

	Half Year	Half Year	Half Year
	Ended	Ended
	31 Dec	31 Dec
	2012	2011
	$	$
NOTE 2: EXPENSES FROM ORDINARY ACTIVITIES
Expenses from ordinary activities are as follows:
Labour and employee expenses	-		54,225
Accountancy fees	6,240		8,960
Audit and audit review fees	29,500		29,500
Communication and computer expenses	6,579		5,093
Consultants	34,960		37,162
Depreciation	10,579		6,513
Directors Fees	68,078		44,000
Employee benefits expense	453		-
Write-off capitalised exploration expenditure	191,469		-
Rent	24,664		24,021
Share registry and ASX expenses	35,547		19,390
Recruitment costs	-		34,225
Other expenses	28,997		23,266
Total expenses from ordinaryactivities	437,066	286,355

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Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT

NOTE 3: SEGMENT INFORMATION

Description of Segments

Operating segments

The consolidated entity undertakes the activities of exploration of mineral resources. The Board has therefore identified the reportable segments to be by geographical location as each has different economic characteristics. The regions are New South Wales (NSW) and Queensland (QLD).

31 December 2012 Revenues from external parties Inter-segment revenues Other revenues Total revenues Segment profit / (loss) Segment assets 31 December 2011 Revenues from external parties Inter-segment revenues Other revenues Total revenues Segment profit / (loss) Segment assets	Exploration NSW QLD Head Office 31 Dec 12 $ $ $ $ - - - - - - - - - - 9,562 9,562
	- - 9,562 9,562
	(187,397) (4,222) (236,035) (427,654)
	3,309,242 75,148 1,969,412 5,353,802
	Exploration NSW QLD Head Office 31 Dec 11 $ $ $ $ - - - - - - - - - - 29,145 29,145
	- - 29,145 29,145
	- (8,045) (249,210) (257,255)
	3,361,366 122,314 565,563 4,049,243

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Interim Financial Report

December 2012

PARADIGM METALS LIMITED AND CONTROLLED ENTITIES

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT

NOTE 4: CONTINGENT LIABILITIES

There have been no changes in contingent liabilities since the last annual reporting date.

NOTE 5: EVENTS SUBSEQUENT TO REPORTING DATE

The Consolidated entity was granted the license for tenement EPM 19016 (The Ladies) on 11 February 2013.

There have been no other significant events subsequent to the reporting date.

NOTE 6: ISSUED CAPITAL

(a) Ordinary Shares

Details Date Balance 1 July 2012 Share issue 7 September 2012 Rights issue 19 November 2012 Placement 6 December 2012 Options lapsed during the year in relation to past equity issue 30 November 2012 Transaction costs - Balance 31 December 2012	No of shares Issue price 184,276,860 - 27,500,000 $.008 211,776,860 $.008 1,661,290 $.008 - - - - 425,215,010	$ 10,927,027 220,000 1,694,21 5 13,290 264,303 (123,358)
		12,995,477

At reporting date the Company had 425,215,010 (June 2012: 184,276,860) authorised Ordinary Shares of no par value. Ordinary Shares entitle the holder to receive dividends as declared and, in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Ordinary Shares entitle the holder to one vote, either in person or by proxy, at a meeting of the Company.

14

Interim Financial Report

December 2012

Paradigm Metals Limited

Directors' declaration

In the directors' opinion:

the attached Financial Report and notes thereto comply with the Corporations Act 2001, Australian Accounting Standard AASB 134 'Interim Financial Reporting', the Corporations Regulations 2001 and other mandatory professional reporting requirements;

• the attached Financial Report and notes thereto give a true and fair view of the Consolidated entity's financial position as at 31 December 2012 and of its performance for the financial half-year ended on that date; and

• there are reasonable grounds to believe that the Consolidated entity will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of directors made pursuant to section 303(5) of the Corporations Act 2001.

On behalf of the directors

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---

Brian McMaster

Director

Perth, 8 March 2013

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Tel: +61 2 9251 4100 Level 10, 1 Margaret St Fax: +61 2 9240 9821 Sydney NSW 2000 www.bdo.com.au Australia

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INDEPENDENT AUDITOR’S REVIEW REPORT

To the members of Paradigm Metals Limited

Report on the Half-Year Financial Report

We have reviewed the accompanying half-year financial report of Paradigm Metals Limited, which comprises the consolidated statement of financial position as at 31 December 2012, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the half-year ended on that date, notes comprising a statement of accounting policies and other explanatory information, and the directors’ declaration of the consolidated entity comprising the disclosing entity and the entities it controlled at the half-year’s end or from time to time during the half-year.

Directors’ Responsibility for the Half-Year Financial Report

The directors of the disclosing entity are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the consolidated entity’s financial position as at 31 December 2012 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of Paradigm Metals Limited, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 . We confirm that the independence declaration required by the Corporations Act 2001, which

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

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has been given to the directors of Paradigm Metals Limited, would be in the same terms if given to the directors as at the time of this auditor’s review report.

Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Paradigm Metals Limited is not in accordance with the Corporations Act 2001 including:

• A. giving a true and fair view of the consolidated entity’s financial position as at 31 December 2012 and of its performance for the half-year ended on that date; and

• B. complying with Accounting Standard AASB 134 Interim Financial Reporting and Corporations Regulations 2001 .

BDO East Coast Partnership

John Bresolin

Partner

Sydney, 8 March 2013