KORAB RESOURCES LIMITED — Capital/Financing Update 2013

Feb 27, 2013

==> picture [97 x 89] intentionally omitted <==

----- Start of picture text ----- ®----- End of picture text -----

Thursday, 28 February 2013

NOTICE GIVEN UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

This notice is given by the Company under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”).

The following securities of the Company were or are planned to be issued without disclosure to investors under Part 6D.2 of the Corporations Act.

Type of Security:	shares
Class:	ordinary fully paid
ASX Code:	KOR
Date of Issue:	28 February 2013
Number Issued:	8,661,588
Issue price per Security:	8.5 cents

The Company is currently updating the Capital Expenditure and the Cash Operating Costs for the Korab’s 100% owned Bobrikovo gold project. The results are expected to be available for release to the market early next week.

As at the date of this notice, the Company has complied with:

• (a) the provisions of Chapter 2M of the Act as they apply to the Company; and (b) section 674 of the Act.

The Company confirms that, as at the date of this notice, there is no excluded information required to be disclosed under section 708A(6)(e) of the Act.

Dated: 28 February 2013

___________________________ Andrej Karpinski, Director

KORAB RESOURCES LIMITED KORAB HOUSE

LEVEL 18 “CENTRAL PARK” 152-158 ST. GEORGE’S TERRACE PERTH 6000 WESTERN AUSTRALIA PO BOX Z5447 PERTH WA 6831 AUSTRALIA Tel (08) 9288 4467 Fax (08) 9288 4476 www.korabresources.com.au

ACN 082 140 252