KINGSTON RESOURCES LIMITED — Capital/Financing Update 2013

Apr 15, 2013

ACN 009 148 529

KINGSTON RESOURCES LIMITED

ASX:KSN

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16 April 2013 Company Announcements Office Australian Securities Exchange

KINGSTON RELISTS ON ASX

• Successful Prospectus issue raised $2.06 million.

• Shares commence trading on ASX today

• 1573 km HeliTem survey booked to commence 23 April at Cultana to define anomalies for drill targets

• Drilling of key targets will follow HeliTEM interpretation

Kingston Resources Limited (“Company”) is pleased to announce it has today been readmitted to trading on the ASX.

Kingston successfully closed its Public Offer on 19 March and issued approximately 10.3 million shares at $0.20 to raise $2,063,500 under the Prospectus dated 14 February 2013.

The Company has 82.35 million shares on issue of which a total of 35.6 million shares are quoted and the balance remain as restricted securities. At the time of listing the company has cash reserves of circa $2.0m after allowing for costs of the issue.

Funds raised through the Public Offer will be used for exploration of its prospective Ironoxide copper –gold tenements (IOCG) in the Gawler Crayton area in South Australia .

Location: The Company holds interests in eight exploration licences in the Olympic Arc corridor, being the most prospective zone for IOCG deposits in the Gawler Craton. This region hosts several major mineral projects ( including the world class Olympic Dam mine) and is known for its major deposits.

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Kingston Resources Limited 25-27 Jewell Parade North Fremantle, Western Australia 6159

t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au

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• Advanced Projects : Two joint venture projects in the southern Olympic Arc corridor in which the Company holds an interests, the Cultana Project (SER:75%: KSN 25% interest) and the Myall Creek Project (SER 50%:KSN 50% interest), are at an advanced stage of targeting and are ready for drill testing for IOCG deposits. The presence of old copper mines, previous drilling, rock chip sampling and geophysical surveys in the area confirm the prospectivity.

 Cultana Project:

The Cultana Joint Venture has been granted access to the prospective Commonwealth land known as Cultana Military Training Area (CMTA, Cultana).

The Cultana Lease, EL 5010, covers an area of 321 square kilometres within the Cultana Army Training Area south of Port Augusta in South Australia (see figure 1).

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Figure 1
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Past exploration in the Cultana area has been limited, due to restricted access by Defence. Serem Australia explored for copper in 1971 and drilled three shallow holes, all of which reached crystalline basement rocks. In 2004, a Falcon gravity survey defined targets of potential Olympic Dam style (IOCG type) mineralisation. Works also includes outcrop mapping of the Cultana Subsuite a high level intrusion dated c1595-75Ma by the government body PIRSA (McAvaney, 2008).

The Cultana lease has been subjected to iron oxide-copper-gold (IOCG) style alteration, including pervasive hematite replacement, hematite veining and hematiterich brecciation.

Kingston Resources Ltd 25-27 Jewell Parade North Fremantle, Western Australia 6159 t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au

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Inversion gravity modelling suggests high density material consistent with the gravity signitures of IOCG style deposits north of the Cultana lease along the eastern margin of the Gawler Craton, notably Olympic Dam, Prominent Hill and Carrapateena.

The Joint Venture will be using Fugro Airborne Surveys Pty Ltd to acquire a 1,573 line kilometre HeliTEM geophysical survey over all seven defined IOCG gravity targets to detect electro magnetically anomalous Cultana subsuite rocks in outcrop or under shallow cover. See figure 2. Anomalies can be caused by metal sulphide deposits, and will assist in drill targeting.

The Survey Area is comprised of one (1x) block. Flight lines will be flown in northsouth direction.

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The HeliTEM survey is booked to commence on April 23, 2013. The Joint Venture has a 20 day booking with the Department of Defence to complete the survey acquisition. The survey was delayed due to the high utilization of helicopters during the fire season.

Kingston Resources Ltd

25-27 Jewell Parade North Fremantle, Western Australia 6159 t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au Page 3 of 5

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Currently a number of holes are planned for test-drilling in the Cultana Inlier.

AECOM Australia Pty Ltd has drafted an Enviromental Management Plan for the project. Once the HeliTEM has been interpreted AECOM can complete drill site management plans.

The Joint Venture is aiming to drill the key targets at the earliest possible time. This will be dependent on the availability of drill rigs and all usual permissions being granted.



Myall Creek Project:

The Myall Creek Copper Project (EL5011) covers an area of 381 km² and is located on the southern Stuart Shelf between Whyalla and Port Augusta, a highly prospective part of the eastern margin of the Gawler Craton. The Myall Creek Project includes a

25-27 Jewell Parade North Fremantle, Western Australia 6159 t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au Page 4 of 5

Kingston Resources Ltd

15 kilometre belt with drill intersections above 1% copper with potentially highergrade ready to drill prospects.

KSN hold a 50% interest and SER holds a 50% interest in the licence. The licence area is immediately west of the Torrens Hinge Zone and close to the sites of the Hiltaba granites. Copper and base metal mineralisation has been delineated over a wide area and in a range of the Proterozoic host rocks in this region.

The exploration programme was focused on a prospect named Honeymoon Dam which is 2.5km south of the known Myall Creek mineralisation zone. Depths to the mineralisation zones in the area are in the range of 50-150m.

Two holes were completed after hitting basement rocks, with mineralisation evident in the holes. The third and final hole encountered a number of difficulties and ceased at 105.2 meters, some 10 meters short of the interpreted mineralised zone.

Analysis is continuing of the prior geochemical and drill data. A further drill program is currently being devised.

• Mount Morgan: The Mt Morgan Project, located between the Olympic Dam and Prominent Hill mines, has untested gravity features and is prospective for IOCG mineralisation. Major mining companies are exploring on adjacent tenements.

• Six Mile Hill: The Six Mile Hill Project has several untested gravity anomalies prospective for IOCG deposits. These will be investigated by detailed gravity surveys to define drilling targets.

Kingston’s Chairman, Mr Jonathan Davies, said today:

“It is with great pleasure that I announce the relisting of Kingston shares today, a vital turning point towards the future of our reborn Company, as we explore for copper, gold and other minerals in South Australia.

I express my most sincere thanks to the Kingston team and our advisors all of whom have worked so diligently to make the transition a reality. “

ENDS

DECLARATION OF COMPETENCY

The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Dr Kevin Moriarty, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Moriarty has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 is a consultant geologist and a director of Kingston Resources Ltd. 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 Ltd 25-27 Jewell Parade North Fremantle, Western Australia 6159 t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au Page 5 of 5