KINGSTON RESOURCES LIMITED — Capital/Financing Update 2012

Oct 18, 2012

Kingston Resources Limited

Previously NuWorld Solutions Limited

19 October 2012

ASX Market Announcements Australian Securities Exchange

Kingston to complete mining project purchase

Kingston Resources Limited (Kingston, ASX:NUW) is pleased to announce that it has waived all outstanding conditions precedent under the agreement between Kingston and each of the shareholders and directors of Fleurieu Mines NL ( “FLE ”) in relation to the acquisition by Kingston of all of the shares in FLE.

Completion will occur on Tuesday 23 October 2012, or a later date to be agreed between FLE directors and Kingston.

Dr Moriarty said, “this is another important milestone for the company as we move to promptly recapitalise in preparation for re‐listing on the ASX.”

Background

Fleurieu Mines NL owns 10 tenements in the Olympic Arc, the most prospective zone for major iron oxide hosted copper‐ gold ‐uranium (IOCGU) deposits in South Australia, most notable being the giant Olympic Dam Mine.

On completion of the acquisition, Kingston is planning to drill test a major Olympic Dam style copper‐gold system that has not been previously accessible for deep drill testing because it occurs in the defence force training area near Port Augusta in South Australia. The Cultana Inlier contains significant gravity anomalies and indications of copper mineralisation at the surface that can now be tested. The Cultana project is a joint venture between U Energy Pty Ltd (100% Fleurieu) and Strategic Energy Resources (ASX:SER).

Dr Kevin Moriarty Executive Chairman

DECLARATION OF COMPETENCY

The information in this report that relates to exploration results is based on information compiled by Dr Kevin Moriarty, a member of the Australasian Institute of Mining and Metallurgy and Chairman of Kingston Resources Limited. Dr Moriarty 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. Dr Moriarty consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Kingston Resources Limited

Suite 4, 72 Canning Hwy, Victoria Park, WA 6100 AUSTRALIA Tel +61 8 9355 2565 Fax +61 8 9355 2575 Email info@newworldsolutions.com.au

ABN 44 009 148 529