KING RIVER RESOURCES LIMITED — Capital/Financing Update 2014

Sep 15, 2014

16 September 2014

The Companies Manager Australian Stock Exchange Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

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CAPITAL RAISING

King River Copper Limited (ASX: KRC) announces that it is completing arrangements for a capital raising of $900,000 at 4.5 cents per share for the issue of 20,000,000 shares from sophisticated and professional investors.

The capital raising will be undertaken in 2 tranches with the first tranche for 13,796,004 shares to raise $620,820 to be issued upon completion of the documentation and the second tranche for 6,204,005 shares to raise $279,180 to be completed upon shareholder approval. A shareholder meeting will be called as soon as possible to approve the issue of the second tranche of shares.

The phase 2 exploration program drilling (ASX announcement 11 September) is expected to recommence the week beginning September 22. The phase 2 drilling will maintain momentum in the search for high grade mineralisation within our “dry weather drilling window”.

These funds will be used primarily for exploration activities and working capital.

This announcement is the one referred to in the trading halt request made on 15 September 2014.

Yours faithfully

Greg MacMillan Company Secretary

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