KORAB RESOURCES LIMITED — Capital/Financing Update 2011

Jan 23, 2011

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24 January 2011

Dear Shareholder

KORAB RESOURCES LIMITED SHARE PURCHASE PLAN OFFER TO EXISTING ELIGIBLE SHAREHOLDERS

On behalf of the directors of Korab Resources Limited ( “Korab” or “Company” ) , I am pleased to invite shareholders to participate in a share purchase plan (“ SPP” ) which will allow Eligible Shareholders the opportunity to purchase new fully paid ordinary shares in the capital of the Company up to the value of $14,999.82 per shareholder. The price at which shareholders will be able to purchase shares under the SPP is $0.33 (33 cents) per share.

The SPP will be available to shareholders who are registered shareholders as of Friday, 21 January 2011 (the “ Record Date” ) (“ Eligible Shareholders” ).

Our register of shareholders shows a large number of shareholders who are holding less than a marketable parcel of shares and the SPP will enable these holders to increase their holding accordingly.

IMPORTANT NOTE

This SPP is limited to 7,000,000 new shares in aggregate and Korab has no intention to issue more than 7,000,000 new shares. Processing of SPP applications will be on a first come, first served basis.

KORAB WILL NOT ACCEPT OR PROCESS APPLICATIONS AFTER IT HAS RECEIVED APPLICATIONS FOR 7,000,000 SHARES IN AGGREGATE.

KORAB HAS APPROXIMATELY 1,400 SHAREHOLDERS AND IT IS POSSIBLE THAT THE TOTAL NUMBER OF SHARES APPLIED FOR UNDER THIS SHARE PURCHASE PLAN WILL EXCEED 7,000,000 SHARES.

APPLICATIONS WILL BE PROCESSED IN THE ORDER IN WHICH THEY ARE RECEIVED, YOU ARE THEREFORE ENCOURAGED TO ACT EARLY IF YOU WISH TO PARTICIPATE IN THIS OFFER.

SPP KEY DATES*

Date	Event
21 January 2011	Record Date	The date on which Korab determines Eligible Shareholders.
24 January 2011	Opening Date	SPP Opens
18 February 2011	Closing Date	SPP Closes. Applications must be received by 5pm (WST).
21 February 2011	Allotment Date	Shares allotted. Trading is expected to commence on ASX on next trading day.
21 February 2011	Despatch Date	Transaction confirmation dispatched to shareholders.

*** Dates are indicative only and Korab retains the right to vary each of these dates without advance notification to you. However, any alteration to these dates will be notified to the ASX.**

The SPP will enable Eligible Shareholders, regardless of the number of shares held on the Record Date, to subscribe for a parcel of ordinary shares in Korab up to the value of $14,999.82 with a minimum subscription of $1,485. The shares are issued at a discount to the recently traded share price and there is no brokerage payable on purchases of shares under the SPP. The Company is seeking, through the SPP, to enable Eligible Shareholders of Korab to participate in the exciting future of the Company as it commences the development of its quarrying and mining assets and accelerates exploration for copper, rare earths, phosphate rock, cobalt, titanium and nickel. Directors intend to take up their full entitlement in the SPP offer.

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Korab Resources Ltd Share Purchase Plan Page: 1 of 6

USE OF FUNDS

The funds raised under the SPP will be used to fund expansion of proposed production of direct shipping phosphate rock by Korab’s 100% owned GeolSec phosphate business near Darwin in the Northern Territory, to fund accelerated exploration programs for copper at Ashburton Downs Project in Western Australia and for rare earths, phosphates, base metals and nickel/cobalt/titanium at Rum Jungle Projects in the Northern Territory, to continue the review of development options for the Winchester magnesium deposit, to update the magnesium metal production feasibility study, to cover other working capital requirements and to reduce debt.

BUSINESS OVERVIEW

Korab Resources Limited is a Perth based ASX-listed (ASX: KOR) mining and exploration company with phosphate and magnesium mining and quarrying assets located in Australia. The Company also operates exploration projects where it explores for copper, rare earths, phosphates, cobalt, titanium and nickel and holds an interest in two unlisted gold development and exploration companies Melrose Gold Mines Ltd and Lugansk Gold Ltd.

During the year Korab has made considerable progress with Korab’s quarrying and mining projects, specifically GeolSec phosphate and Winchester magnesium projects near Darwin, and has achieved early exploration success at Rum Jungle Projects in the Northern Territory where it explores for copper, rare earths, phosphates, cobalt, titanium and nickel. The Company has recently received grant of the an exploration licences at Ashburton Downs project where it explores for VMS style copper deposits.

GEOLSEC PROJECT (PHOSPHATE ROCK QUARRYING)

Geolsec rock phosphate deposit is located in the Northern Territory, approximately 70km by road or rail from the port of Darwin. Korab is intending to develop the deposit as a simple quarrying operation utilising modern techniques to reduce the environmental impact of the operations and to minimise the operating costs. The deposit is accessible during both dry and wet seasons. Local infrastructure includes sealed highway, railway line, gas pipeline, high voltage power and potable water. CAPEX and start-up costs of the project are estimated at between $200,000 and $300,000.

As announced to ASX on 24 December 2010, Korab has received offer to enter into an offtake agreement for 100,000 tones of phosphate rock per annum. Negotiations regarding this off-take agreement are incomplete but are progressing well. Should this offtake agreement be concluded, it would result in a five-fold increase in the targeted first year output. CAPEX and start-up costs would not change by a significant margin and the operating costs per tone would decline slightly as a consequence of economies of scale. However, this potential five-fold increase in annual output would require additional working capital to cover the increased size of the business. More information about the Geolsec phosphate project can be obtained from Korab website.

RUM JUNGLE PROJECTS (PHOSPHATE, RARE EARTHS, COPPER AND NICKEL/COBALT/TITANIUM)

Korab has been exploring the Rum Jungle projects for 3 years primarily using low cost field exploration methods consisting of auger drilling as well as rock chip, soil and stream sediment sampling. Korab has also acquired large amount of exploration data produced by previous explorers and commissioned interpretation of recent geophysical surveys. As previously announced to the market, this systematic evaluation has delineated a number of rare earths, phosphate, base metals and nickel/cobalt/titanium anomalies. Korab has commenced drill evaluation of these anomalies in 2010 and following on the early successes, the Company intends to accelerate this exploration effort with several large scale RC and diamond core drilling programs being planned for 2011. These drilling programs, which will focus on the recently discovered occurrences of targeted minerals, are currently being prepared for submission to the Department of Resources. The company is also planning a VTEM survey of the locations where wide spaced airborne electromagnetic survey discovered several conductors coincident with base metals and nickel anomalies referred to above.

ASHBURTON DOWNS PROJECT (COPPER)

Ashburton Downs is held by Australian Copper P/L (a wholly owned subsidiary of Korab) and covers an area of 380 km2 approximately 20 km south and south west of Paraburdoo in Western Australia. Australian Copper will be targeting copper mineralisation associated with four large-scale alterations suggesting widespread hydrothermal activity extending over a distance of 27 km. As previously announced to the market, the largest of these anomalies has a surface expression of 10 km long by up to 3 km wide and is associated with a major fault structure. Diamond drilling in the vicinity of this structure intercepted volcanic hosted sulphides assaying up to 1.3% copper in multiple holes (ASX release 2 December 2010). All holes intersected ore minerals containing ankerite, chalcopyrite and pyrite. Rock-chip samples collected from nearby gossan/quartz veins assayed up to 10% copper and 29 g/t gold (in separate samples). Other soil and rock samples have returned results between 0.1% and 4.58% copper in multiple samples. Past exploration has been limited to evaluation of the small area covering approximately 4 km2 (approximately 1% of the project area) located in the vicinity of multiple outcropping gossans. Exploration program which is to be undertaken in early 2011 and which is currently being prepared for submission to the Department of Mines and Petroleum will include VTEM survey, grid soil sampling, reverse circulation and diamond core drilling.

WINCHESTER PROJECT (MAGNESIUM)

Winchester magnesite deposit is located within the Batchelor project, approximately 70km by road or rail from the port of Darwin in the Northern Territory. As previously announced to the market, Korab Resources has been reviewing development options for this project with the aim of developing the project initially as a supplier of magnesium oxide based building materials and at a later stage as a

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Korab Resources Ltd Share Purchase Plan Page: 2 of 6

supplier of magnesium metal. The magnesium metal side of the Winchester project has been taken through the feasibility study stage (including mine planning and design, preparation of environment impact statement, design of the processing and crushing plant, test mining, construction of pilot processing plant and production of magnesium). Feasibility study indicated that the optimal size for Stage 1 of the plant was a 14MW furnace with an annual capacity of 12,500 tonnes. The estimated capital cost of Stage 1 including mine infrastructure, calciner, 14MW furnace, condenser and necessary ancillaries was $76M. Stage 2 would increase annual capacity to 25,000 tonnes and Stage 3 would further increase annual capacity to 50,000 tonnes. Drilling at Batchelor to a depth of 100m outlined a 7.5km long and 0.5km wide high grade zone of magnesium mineralisation which is open at depth. Within this high grade zone of magnesium mineralisation, close spaced drilling over an area 550m by 300m outlined an indicated resource of 12.2Mt at 43.1% MgO and an inferred resource of 4.4Mt at 43.6% MgO. Rail line, gas pipeline, sealed transcontinental highway and high voltage power lines cross the project area providing the project with excellent basic infrastructure and logistics. More information about the Winchester magnesium project can be obtained from Korab website.

SHARE PURCHASE PLAN

As set out above, in order to assist in the expansion of the initial production from, and future development of the quarrying and mining projects operated by Korab and to accelerate exploration for copper, rare earths, phosphates, cobalt, titanium and nickel, the Company now offers to each existing Eligible Shareholder (i.e. shareholders who hold shares in Korab on 21 January 2011), the opportunity to acquire additional shares in the Company at $0.33 (33 cents) per share up to a total value of $14,999.82 per shareholder. The price of $0.33 (33 cents) per share, which has been fixed by the board of directors of Korab, provides existing Eligible Shareholders with an opportunity to purchase shares in the Company at a price which is 11% lower than the closing price on the last trading day immediately preceding this announcement and 7% lower than the volume weighted average price of Korab’s shares over 5 business days immediately preceding this announcement.

The opportunity to purchase shares under the SPP is made in accordance with ASIC Class Order 09/425. ASIC Class Order 09/425 allows ASX listed companies to offer their existing shareholders the opportunity to acquire additional shares in the Company without the need for a prospectus under Part 6D.2.

Further details and terms of the Share Purchase Plan are set out in this letter, the enclosed Terms and Conditions of the SPP (“ Terms and Conditions ”) and in the terms and conditions set out on the enclosed Application Form. Please carefully read this letter, the enclosed Terms and Conditions and the Application Form before making any decision to participate in the SPP.

You will be eligible to participate in the SPP if you are a registered holder of fully paid ordinary shares in the capital of Korab as of 21 January 2011. If you are eligible to purchase shares under the SPP, you may select to subscribe for any number of shares between a minimum of 4,500 shares ($1,485) and up to 45,454 shares ($14,999.82) at a price of 33 cents per share.

Korab proposes to raise up to a maximum of $2,310,000 from the SPP, equating to 7,000,000 new fully paid ordinary shares in the capital of the Company. There are approximately 1,400 Eligible Shareholders that may participate in this SPP. Consequently the applications will be accepted on a first come, first served basis and shares will be allotted as soon as possible after the end of the offer period. The offer will be closed at the earlier of: a date when the applications for 7,000,000 shares in aggregate have been received by the Company, or Friday , 18 February 2011 . It is not the intention of the Company to issue more than 7,000,000 new shares.

If you wish to apply for any shares under the SPP, please complete the enclosed application form and forward it with your payment by cheque made payable to “Korab Resources Limited” to:

Korab Resources Limited PO Box 195 South Perth 6951 WA

Or deliver it by hand to:

Suite 6, Level 1 100 Mill Point Road South Perth WA 6151

The offer will close on Friday, 18 February 2011 or earlier if the maximum number of shares to be issued under the SPP has been reached. Applications to subscribe for shares under the SPP must be received prior to the close of the offer. If the exact amount of money is not tendered with the acceptance, Korab reserves the right to return your application and cheque and not allot any shares to you or to allot only that number of shares for which Korab has received payment. Participation in the SPP is entirely voluntary. The offer is non-renounceable, which means that you cannot transfer your right to purchase shares under the SPP to anyone else.

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Korab Resources Ltd Share Purchase Plan Page: 3 of 6

THE FUTURE

As indicated above, the purpose of the SPP is to fund expansion of proposed production of direct shipping phosphate rock by Korab’s 100% owned GeolSec phosphate business near Darwin in the Northern Territory, to fund accelerated exploration programs for copper at Ashburton Downs Project in Western Australia and for rare earths, phosphates, base metals and nickel/cobalt/titanium at Rum Jungle Projects in the Northern Territory, to continue the review of development options for the Winchester magnesium deposit as a supplier of magnesium oxide based building products, to update the magnesium metal production feasibility study for Winchester magnesium deposit, to cover other working capital requirements and to reduce debt. It is also to allow existing shareholders to increase their shareholding in the Company without brokerage at a price which is 11% lower than the closing price on the last trading day immediately preceding this announcement and 7% lower than the volume weighted average price of Korab’s shares over 5 business days immediately preceding this announcement.

If you have any questions in relation to the SPP, please contact the Company on (08) 9474 6166 or visit the company website at www.korabresources.com.au

I appreciate your continuing support of Korab and look forward to your ongoing involvement in the new phase ahead as we commence the development of the Company’s quarrying and mining assets and accelerate our exploration programs for copper, rare earths, phosphate and nickel.

Yours faithfully,

Andrej K. Karpinski Executive Chairman

Competent Person: The information in this letter that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Andrew Hawker, who is an independent geological consultant and is a member of The Australasian Institute of Mining and Metallurgy. Andrew Hawker has in excess of 5 years 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’. Andrew Hawker consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Korab Resources Ltd Share Purchase Plan Page: 4 of 6

KORAB RESOURCES LIMITED SHARE PURCHASE PLAN

Pursuant to the Korab Resources Limited ( “Korab” or “Company” ) share purchase plan (“ SPP” ), Korab offers each Eligible Shareholder the ability to acquire between 4,500 ($1,485) and 45,454 ($14,999.82) fully paid ordinary shares in the capital of Korab at $0.33 (33 cents) per share.

TERMS AND CONDITIONS

1. Closing Date of the Offer

The offer closes at the earlier of:

1. when the applications for the 7,000,000 new share in aggregate have been received by Korab;

2. or

3. at 5:00pm (WST) on Friday, 18 February 2011

2. Eligibility

You are eligible to apply for shares if you are registered as a holder of fully paid ordinary shares in Korab as of Friday, 21 January 2011.

The offer to each Eligible Shareholder is made on the same terms and conditions.

The offer is non-renounceable (i.e. you may not transfer your right to buy the shares to anyone else).

The maximum amount which any shareholder may subscribe for in any consecutive 12 month period is $15,000.

3. Issue Price

The issue price for each Share under the offer is $0.33 (33 cents) per share, which is 11% lower than the closing price of Korab’s shares on the last trading day immediately preceding this announcement and 7% lower than the volume weighted average price of Korab’s shares over 5 business days immediately preceding this announcement.

4. Rights attaching to Shares

THE SHARES WILL BE ISSUED ON THE SAME TERMS AS THE EXISTING ORDINARY SHARES IN KORAB QUOTED ON THE ASX.

5. Investment in Offer

If you are an eligible shareholder, you can purchase any number of shares between a minimum of 4,500 shares ($1,485) and up to a maximum of 45,454 shares ($14,999.82).

6. Joint/ Multiple Holdings

Shareholders who receive more than one Application Form due to multiple individual holdings may only apply for a maximum of 45,454 shares at A$14,999.82 total application price.

7. Trustee / Nominee Holdings

If a trustee or nominee is expressly noted on the register of members as holding shares or interests on account of another person (Beneficiary) :

• a) the Beneficiary is taken to be the registered holder in regard to those shares or interests and

• b) any application for the issue of shares or interests, and any issue of shares or interests to the trustee or nominee, is taken to be an application by, or an issue to, the Beneficiary.

Therefore each Beneficiary may apply for a maximum of 45,454 shares at A$14,999.82 total application price.

8. Subscription limited to a $2,310,000 capital raising

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Korab Resources Ltd Share Purchase Plan Page: 5 of 6

The Company intends to accept applications of up to $2,310,000 under this SPP. Applications will be accepted on a first come, first served basis. If applications are received for in excess of $2,310,000 under this SPP, Korab reserves the right to return your application form and cheque and not allot any shares to you. No interest will be paid on any money that is returned.

9. Participation Costs

The only cost to the shareholder in relation to the SPP is the issue price of the number of shares you wish to purchase. Under the SPP there is no need to pay brokerage, commission or other transaction costs.

10. Allotment of Shares

The shares will be allotted within 5 business days following the closing of the offer. On the allotment of shares to you, Korab’s share registry, Link Market Services, will send you an Issuer Sponsored Holding Statement or CHESS Allotment Confirmation Notice in due course. After allotment of the shares you will be sent a statement confirming the number of shares allotted. If you are an Issuer Sponsored Holder this will be sent to you by Link Market Services, if you are sponsored by a broker you will receive a confirmation statement from CHESS.

11. Payment for Shares

All amounts in the offer are expressed in Australian dollars, Shareholders must pay for shares with a cheque for the exact amount in Australian dollars. The cheque should be made payable to “Korab Resources Limited” . If the exact amount of money is not tendered with the Application Form, Korab reserves the right to return your Application Form and cheque and not allot any shares to you or to allot only that number of shares for which Korab has received payment.

12. Change of Offer

Korab may change the terms or terminate the SPP at any time. If this occurs, the ASX will be advised. The omission to give notice of changes to, or termination of, the SPP or the non-receipt of notice will not invalidate the change or termination. Korab reserves the right to allot fewer shares than an eligible shareholder applies for or no shares under the SPP if Korab believes the allotment of those shares would contravene any law or ASX listing rules. No interest will be paid on any amount returned.

13. Dispute Resolution

Korab may settle any difficulty in relation to the SPP in any manner it thinks fit, whether generally or in relation to any participant, application or share. Korab’s decision will be conclusive and binding.

14. Important information on Price Risk to Consider

The issue price under the SPP is $0.33 (33 cents) per share, which is 11% lower than the closing price of Korab shares on the last trading day immediately preceding this announcement and 7% lower than the volume weighted average price of Korab’s shares over 5 business days immediately preceding this announcement. Before deciding whether to accept the offer, shareholders should refer to the current market price of Korab’s shares, which can be obtained from the financial pages of a daily newspaper, a stockbroker or the ASX.

Shareholders should note that the market price of Korab’s shares may rise or fall between the date of this offer and the date when the shares are issued to the shareholder under the SPP. This means that the price paid per share may be greater than or less than the price of Korab’s shares at the time the shares are issued to you under the terms of the SPP. In determining whether, as an Eligible Shareholder, you wish to participate in this offer and the extent of participation, personal financial and/or taxation advice should first be obtained.

Korab reserves the right to waive strict compliance with any provision of these Terms and Conditions. The powers of Korab under these Terms and Conditions may be exercised by the Directors of Korab or any delegate of them.

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Korab Resources Ltd Share Purchase Plan Page: 6 of 6

Sequence Number: «SEQUENCE»

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KORAB RESOURCES LIMITED

ACN 082 140 252

SHARE PURCHASE PLAN ENTITLEMENT AND APPLICATION FORM

THIS DOCUMENT IS IMPORTANT. IF YOU ARE IN ANY DOUBT AS TO HOW TO DEAL WITH IT, PLEASE CONTACT YOUR PROFESSIONAL ADVISER

Record Date: Friday, 21 January 2011 Offer closes: 5:00pm WST Friday, 18 February 2011, or earlier- please read the note below

«NAME1» «name2» «name3» «name4»

«street» «street1» «street2» «street3»

«city» «code»

IMPORTANT NOTE

PLEASE NOTE THAT THIS SHARE PURCHASE PLAN IS LIMITED TO 7,000,000 NEW SHARES IN AGGREGATE. KORAB WILL NOT ACCEPT OR PROCESS APPLICATIONS AFTER IT HAS RECEIVED APPLICATIONS FOR 7,000,000 SHARES IN AGGREGATE.

KORAB HAS APPROXIMATELY 1,400 SHAREHOLDERS AND IT IS POSSIBLE THAT THE TOTAL NUMBER OF SHARES APPLIED FOR UNDER THIS SHARE PURCHASE PLAN WILL EXCEED 7,000,000 SHARES.

APPLICATIONS WILL BE PROCESSED IN THE ORDER IN WHICH THEY ARE RECEIVED, YOU ARE THEREFORE ENCOURAGED TO ACT EARLY IF YOU WISH TO PARTICIPATE IN THIS OFFER.

NON-RENOUNCEABLE OFFER OF KORAB RESOURCES LIMITED (“THE COMPANY”) SHARES TO EACH HOLDER OF EXISTING FULLY PAID ORDINARY SHARES IN THE COMPANY AS AT THE RECORD DATE.

I/WE_______________

Insert Shareholder/s Full Name

Of ______________________

Insert Shareholder/s Address

• A. being registered on Friday, 21 January 2011 as the holder(s) of shares in the Company hereby accept the offer made in the Share Purchase Plan dated 24 January 2011 to subscribe for the number of fully paid ordinary shares in the Company (the Shares) specified at section B below.

• B. Application for Shares

• To participate in the Share Purchase Plan shareholders must insert below the number of shares that they wish to apply for. Shareholders may apply for any number of shares between a minimum of 4,500 shares and up to a maximum of 45,454 shares ($1,485 and $14,999.82). The application must be for a minimum of 4,500 shares ($1,485) and up to 45,454 shares ($14,999.82).

Shares in Korab Resources at 33 cents per share

• C. I/We authorise you to place my/our name(s) on the register of members in respect of the number of Shares issued to me/us pursuant to this application.

• D. I/We agree to be bound by the Constitution of the Company, and the attached terms and conditions of the Share Purchase Plan.

• E. I/We enclose my/our cheque made payable to Korab Resources Limited.

• F. I/We certify that the aggregate of the application price for the new Korab Resources Limited Shares the subject of this application and any other Korab Resources Limited shares applied for in the 12 months prior to the date of this application under the Share Purchase Plan or any similar arrangement, does not exceed $15,000.

Return of this document with the required remittance will constitute your acceptance of the New Korab Resources Limited Shares being offered.

The subscription price is 33 cents per share.

Please complete the following cheque payment details:

Drawer Bank Branch or BSB Amount

Cheques should be made payable to “Korab Resources Limited ” and crossed “Not Negotiable”

Sequence Number: «SEQUENCE»

Cheques and applications should be sent to:

Korab Resources Limited PO Box 195 South Perth WA 6951

Or delivered in person to:

Korab Resources Limited Level 1, Suite 6 100 Mill Point Road South Perth WA 6151

Please ensure you submit the correct amount and allow sufficient time for your application to be received by Korab Resources Limited by the earlier of:

1. the time the Company has received applications for 7,000,000 shares in aggregate, or

2. by 5:00pm WST on Friday, 18 February 2011

Incorrect payments may result in your application being rejected.

Telephone number where we may contact you during business hours. (__) _____

Contact Name: ________

Offer Closes when applications for 7,000,000 shares in aggregate have been received by the Company, or at 5:00pm WST, Friday, 18 February 2011 whichever occurs earlier

Please note:

• Details of the Share Purchase Plan are contained in the letter from the Chairman and the Terms and Conditions sheet as well as this Share Purchase Plan Application Form. You should read all of these carefully.

• Payments may only be made by cheque or bank draft in Australian dollars and drawn on an Australian branch of a financial institution.

• Cheques or bank drafts are to be made payable to: “ Korab Resources Limited ” and crossed Not Negotiable.

• Cheques will be deposited on their day of receipt. Sufficient cleared funds should be held in your account as your acceptance may be rejected if your cheque is dishonoured. Receipts for payment will not be issued.

• Cash payments will not be accepted.

• Korab Resources Limited may reject any application submitted for this offer, in its absolute discretion , or if this form is not completed in accordance with this offer, or is incomplete or if the correct amount payable is not tendered with this form.

Receipt by Korab Resources Limited of this form duly completed, together with the full subscription amount, will constitute irrevocable acceptance in accordance with the terms and conditions of the Share Purchase Plan and the constitution of Korab Resources Limited by the shareholder named on this form. A signature on this form is not required.

This offer is non renounceable.

QUESTIONS AND CONTACT DETAILS

If you have any questions regarding the Share Purchase Plan or how to deal with this offer, please contact your stockbroker or professional adviser or the following:

Mr. Andrej Karpinski Executive Chairman Korab Resources Limited Level 1, Suite 6 100 Mill Point Road South Perth WA 6151 Telephone: +61 8 474 6166 Facsimile: +61 8 9474 6266 Email: information@korabresources.com.au