KORAB RESOURCES LIMITED — Capital/Financing Update 2014

Aug 26, 2014

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KORAB RESOURCES LIMITED KORAB HOUSE

www.korab.com.au

Wednesday, 27 August 2014

ISSUED SHARES

ASX: KOR Last price: AU¢ 5.1 BERLIN: C6S.BE Last price: € 0.04

EXPIRY OF LISTED OPTIONS

Korab Resources Ltd (“Korab”, or “Company”) (ASX: KOR) advises that the listed options over shares in the Company (ASX: KORO) (“Options”) expire on 28 August 2014. The Company further advises that it has not and will not be sending notification of the expiry of the Options to individual Option holders.

The following information is provided in accordance with the Listing Rules of ASX;

a) Exercise price of the Options – 25 cents.

b) Expiry Date of the Options – 28 August 2014.

c) Each Option converts to one fully paid ordinary share if exercised.

d) Should Option holders wish to exercise their Options they should return an exercise notice along with the relevant exercise monies to the Company’s share registry so that it is received before 5pm EST on 28 August 2014.

e) Any Option not exercised on or before the expiry date will lapse and all rights under the Option will cease at that time.

f) The Options ceased trading on ASX at the close of trading on 21 August 2014.

g) The last trade on ASX of the fully paid ordinary shares in Korab Resources Limited was 5.1 cents on 26 August 2014 and the last trade on ASX of the Options was 0.1 cents on 15 August 2014.

h) During the three months preceding the date of this notice the highest market sale price of ordinary shares on ASX was 6.5 cents on 7 July 2014 and the lowest market sale price of ordinary shares on ASX was 1.9 cents on 29 May 2014.

i) During the three months preceding the date of this notice the Options traded 13 times. The highest price traded was 0.4 cents and the lowest price traded was 0.1 cents.

CONTACT:

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

ABOUT KORAB RESOURCES

Korab Resources Ltd is an international mining and exploration company with operations in Australia and Europe. Korab’s projects include gold and silver deposit at Bobrikovo in eastern Ukraine, Geolsec phosphate rock deposit and Winchester magnesite deposit at Batchelor in the Northern Territory of Australia. The Company also explores for gold and copper at Ashburton Downs in Western Australia and for polymetallic deposits at Batchelor in the Northern Territory. More information about Korab’s projects can be sourced from Korab’s website at www.korab.com.au. Korab’s shares are traded on Australian Securities Exchange (ASX) and on the Berlin Stock Exchange (Berliner Börse) through Equiduct electronic trading platform.

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20 PROWSE STREET, WEST PERTH, WA, 6005, AUSTRALIA PO BOX 1958, WEST PERTH, WA, 6872, AUSTRALIA TEL (08) 9474 6166 FAX (08) 9322 6333 ACN 082 140 252

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