KINGSROSE MINING LIMITED — Capital/Financing Update 2012

Nov 12, 2012

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13
November
2012

Dear
Option
holder

OPTION

EXPIRY
NOTICE

The
Directors
of
Kingsrose
Mining
Limited
(“Kingsrose”
or
the
“Company”)
wish
to
advise
that
the
final
date
for
exercising
the Company’s
listed
options
(ASX:
KRMO)
is
5.00pm
Western
Standard
Time
on
31
December
2012.
The
exercise
price
is
$0.20 per
option
and
for
every
option
exercised,
the
option
holder
will
be
issued
with
one
(1)
ordinary
share
in
Kingsrose.

Options
not
exercised
by
5.00pm
on
31
December
2012
will
automatically
expire
and
will
result
in
the
forfeiture
of
any
rights that
the
option
holder
may
have
had
in
relation
to
the
ordinary
shares
of
the
Company.

Quotation
of
options
will
cease
at
the
close
of
trading
on
31
December
2012.

Attached
is
a
personalized
‘Application
for
Shares
upon
Exercise
of
Options’
Form.

To
convert
options
into
ordinary
shares
(exercise
of
options)
the
Form
should
be
completed
and
forwarded
with
payment
to Advanced
Share
Registry,
Unit
2,
150
Stirling
Highway,
Nedlands,
6009,
Western
Australia
or
PO
Box
1156,
Nedlands
6009, Western
Australia.

Cheques
and/or
bank
drafts
to
be
in
Australian currency only
should
be
made
payable
to
Kingsrose
Mining
Limited.

Yours
faithfully KINGSROSE
MINING
LIMITED

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JEANNETTE
P.
SMITH COMPANY
SECRETARY

T
+
61
8
9486
1149
|
F
+
61
8
9486
1151 www.kingsrosemining.com.au info@kingsroseminig.com.au

Suite
2,
Level
9
|
12
–
14
Thelma
Street West
Perth
WA
6005 ABN:
49
112
389
910

KRMO

KINGSROSE MINING LIMITED ABN 49 112 389 910 INCORPORATED IN WESTERN AUSTRALIA APPLICATION FOR SHARES UPON EXERCISE OF OPTIONS

I/We ___________________

Securityholder Reference Number (S.R.N) / Holder Identification Number (H.I.N) ________

Contact Telephone Number ________

The registered holder(s) of the Options hereby exercise my/our Option for:___ _______

In figures In words

Ordinary Fully Paid Shares and enclose application money of $0.20 per share $.................................................

(amount payable on exercise)

I/We whose full name(s) and address(es) appear above hereby apply for the number of Shares shown above. I/We agree to be bound by the Constitution of the Company.

Signature Of Option holder(s) (All joint holders must sign) ------------------------------------------- Signature Date ------------------------------------------- Signature Date ------------------------------------------- Signature Date

Companies Only- Executed in accordancewith the Company s Constitution and the Corporations Law. ---------------------------------------------------------------------- Sole Director and Sole Secretary ----------------------------------------- Date ------------------------------------------ Director Date ----------------------------------------- Secretary Date ------------------------------------------ Director Date Director Date

Note: If signed under Power of Attorney, a Certified Copy of the relevant Power of Attorney document must be exhibited to the Registry. The Attorneydeclares that he/she has had no notice of revocation of the Power of Attorney.

TERMS AND CONDITIONS

1. Each Option entitles the holder to one (1) Share.

2. The Options are exercisable at any time prior to 5.00 pm Western Standard Time on 31 December 2012 (Expiry Date).

3. The exercise price of the Options is 20 cents per Option.

4. The Options are freely transferable.

5. The Options may be exercised wholly or in part by completing the Notice of Exercise and delivering it together with payment to the secretary of the Company to be received any time prior to the Expiry Date. The Company will process all relevant documents received at the end of every calendar month.

6. Upon the exercise of an Option and receipt of all relevant documents and payment, the holder in accordance with paragraph 5 will be allotted and issued a Share ranking pari passu with the then issued Shares.

7. There will be no participating rights or entitlements inherent in the Options and the holders will not be entitled to participate in new issues of capital which may be offered to Shareholders during the currency of the Options. However, the Company will ensure that for the purposes of determining entitlements to any such issue, the record date will be at least 7 business days after the issue is announced. This will give Option holders the opportunity (where available) to exercise their Options prior to the date for determining entitlements to participate in any such issue.

8. If there is a bonus issue (Bonus Issue) to Shareholders, the number of Shares over which an Option is exercisable will be increased by the number of Shares which the holder would have received if the Option had been exercised before the record date for the Bonus Issue (Bonus Shares). The Bonus Shares must be paid up by the Company out of profits or reserves (as the case may be) in the same manner as was applied in the Bonus Issue, and upon issue will rank equally in all respects with the other Shares on issue as at the date of issue of the Bonus Shares.

9. In the event of any reconstruction (including consolidation, sub-division, reduction or return) of the issued capital of the Company prior to the Expiry Date, all rights of an Option holder are to be changed in a manner consistent with the Listing Rules.

10. In the event that the Company makes a pro rata issue of securities, the exercise price of the Options will be adjusted in accordance with the formula set out in Listing Rule 6.22.2.

Cheques should be made payable to KINGSROSE MINING LIMITED and crossed Not Negotiable and drawn on an Australian Bank and posted to Advanced Share Registry Ltd, PO Box 1156, Nedlands, Western Australia 6909.

NOTE: OPTIONS NOT EXERCISED BY 31 DECEMBER 2012 WILL AUTOMATICALLY EXPIRE.