KINGSTON RESOURCES LIMITED — Capital/Financing Update 2013

Feb 14, 2013

KINGSTON RESOURCES LIMITED

ACN 009 148 529

ASX:KSN

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14 February 2013 Company Announcements Office Australian Securities Exchange

LODGEMENT OF PROSPECTUS TO RAISE $2M

• Prospectus issued to raise $2 million.

• Offer is partially underwritten up to $1.85million.

Kingston Resources Limited (“Company”) is pleased to announce the details of a capital raising to raise a minimum of $2 million by the issue of 10 million New Shares at $0.20 per share together with 10 million free attaching Offer Options (“Offer”) under a Prospectus lodged with ASIC today and published on the Company’s website.

Subject to successfully completing the Offer and obtaining reinstatement to the ASX Official list the Company will focus on the exploration of its prospective Iron-oxide copper –gold tenements (IOCG) in the Gawler Crayton area in South Australia recently acquired from Fleurieu Mines NL.

• 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 Suite 4, 72 Canning Highway, Victoria Park, Western Australia 6100

t +61 8 9355 2565 f +61 8 9355 2575 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 (25% interest) and the Myall Creek Project (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: Gravity interpretation on the Cultana Project has identified high density targets consistent with the IOCG-style deposits at the Olympic Dam mine, Prominent Hill mine and Carrapateena project.

Joint venture partner, Strategic Energy Resources, has engaged a 1,573 line kilometre HELITEM® geophysical survey to commence in April 2013 to assist in detecting mineralised areas around the gravity anomalies at Cultana. The priority for the Company following close of the Public Offer will be to drill two 800 metre diamond drill holes in the first deep test for IOCG mineralisation in this prospective zone.

There have been long held views about the potential prospectivity of Cultana, but the target has not previously been accessible for exploration, due to its location in an Australian Defence Force training area. Permission for drilling access has recently been granted and, subject to access conditions, obtaining standard regulatory approvals, lodgement of an Environmental Management Plan and successful fund raising under the Public Offer, drilling will proceed as soon as practicable.

• Myall Creek Project: A 15 kilometre belt with drill intersections above 1% copper at the Myall Creek Project includes higher-grade ready to drill prospects and potential to define a maiden JORC Code compliant mineral resources with infill drilling. Subject to obtaining standard regulatory approvals, lodgement of an Environmental Management Plan and successful fund raising under the Public Offer, the Company and Strategic Energy Resources are planning a three hold drilling program to test the Honeymoon Dam copper prospect following the close of the Public Offer.

• 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 Resources Ltd Suite 4, 72 Canning Highway, Victoria Park, Western Australia 6100

t +61 8 9355 2565 f +61 8 9355 2575 w www.kingstonresources.com.au e info@kingstonresources.com.au

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INDICATIVE TIMETABLE

The following are indicative dates in respect of the Offer:

Event	Date
Lodgement of Prospectus with ASIC	14 February 2013
Opening Date of the Offers	19 February 2013
Public Offer Closing Date	19 March 2013
Underwriter Offers Closing Date	25 March 2013
Despatch of Holding Statements	4 April 2013
Expected date for re-instatement to the Official List and for Shares (and subject to ASX Listing Rule 2.5 being satisfied, the Offer Options) to commence trading on the ASX	11 April 2013

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

“It is with great pleasure that I announce this prospectus 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.

The prospects are exciting, there is work to be done and I commend this Prospectus to shareholders and ask all to solidly support our efforts and our new direction.”

ENDS

Kingston Resources Ltd Suite 4, 72 Canning Highway, Victoria Park, Western Australia 6100

t +61 8 9355 2565 f +61 8 9355 2575 w www.kingstonresources.com.au e info@kingstonresources.com.au

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