KING RIVER RESOURCES LIMITED — Capital/Financing Update 2014

Oct 23, 2014

ASX Announcement 24 October

==> picture [579 x 87] intentionally omitted <==

----- Start of picture text ----- K ING R IVER NEGOTIATES EQUITYFOR DRILLING----- End of picture text -----

The directors of King River Copper Limited (“King River” or “the Company”) (ASX: KRC) advise that the Company has negotiated up to 35% of the drilling costs of the phase 2 drilling programs will be paid by the issue of KRC shares to the current drilling contractor. The pricing agreed is 4.5 cents, the same level as the recent capital raising.

==> picture [87 x 45] intentionally omitted <==

254 Adelaide Tce Perth WA 6000 PO Box Z5518, Perth WA 6831

PHONE: +61 (0)8 9221 8055 FAX: +61 (0)8 9325 8088 WEB: www.kingrivercopper.com.au