KORAB RESOURCES LIMITED — Capital/Financing Update 2013

Apr 29, 2013

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KORAB RESOURCES LIMITED

KORAB HOUSE

www.korab.com.au

Tuesday, 30 April 2013

SHARE PURCHASE PLAN CLOSES

Korab Resources Ltd (“Korab”, or “Company”) advises that the Share Purchase Plan dated 18 March 2013 (the SPP) has closed on 29 April 2013. By the close of the SPP Korab processed applications for 1,018,010 shares to be issued at 8.5 cents each for a total of $86,531.

The Company commenced discussions with brokers to place the SPP shortfall of 25,681,990 shares at 8.5 cents each for a total of $2,182,969.

CONTACT

Andrej K. Karpinski - Executive Chairman, in Australia: (08) 9474 6166, International: +61 8 9474 6166

CAPITALISATION $9 Mln

ISSUED CAPITAL 134 Mln shares 44 Mln options

ASX CODES

Shares: KOR Options: KORO

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LEVEL 18, CENTRAL PARK, 152-158 ST. GEORGE’S TERRACE, WA, 6000, AUSTRALIA PO BOX Z5447, PERTH, WA, 6831 AUSTRALIA TEL +61 (8) 9288 4467 FAX +61 (8) 9288 4476 ACN 082 140 252

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