KORAB RESOURCES LIMITED — Capital/Financing Update 2013

Feb 14, 2013

MARKET RELEASE

15 February 2013

Korab Resources Limited

TRADING HALT

The securities of Korab Resources Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday 19 February 2013 or when the announcement is released to the market.

Security Code: KOR KORO

Jill Hewitt Senior Adviser, Listings Compliance(Perth)

Perth, 14 February 2013

Ms Tonia Oliveira Senior Adviser - Issuers (Perth) ASX Ltd Exchange Plaza Perth WA 6000

Dear Tonia,

RE: TRADING HALT

Korab Resources Ltd ("Korab", or "Company") requests an immediate trading halt in its securities pending a capital raising.

An announcement relating to the capital raising is expected to be made no later than commencement of trading on Tuesday, 19 February 2013.

The Company is not aware of any reason why the trading halt should not be granted.

The Company is in compliance with the Listing Rules.

Securities for which trading halt is being sought: KOR, KORO

Sincerely yours

Andrej K. Karpinski FAICD FFin SPE Executive Chairmab KORAB RESOURCES LIMITED

KORAB RESOURCES LIMITED KORAB HOUSE LEVEL 18, CENTRAL PARK, 152-158 ST. GEORGE'S TERRACE, PERTH, WA, 6000, AUSTRALIA PO BOX Z5447 PERTH WA 6831 AUSTRALIA, Tel +61 8 9288 4467 Fax +61 8 9288 4476 www.korabresources.com.au ACN 082 140 252