KORAB RESOURCES LIMITED — Capital/Financing Update 2014

Jan 14, 2014

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

Wedn e sday, 15 January 2014

PLA C EMENT U PDATE

Korab Resources Limited (ASX C ode: KOR) ( “ Korab ”, or “ Company” ) r efers to its a nnouncement dated 30 Septemb e r 2013 in w h ich the Company advised that it had r esolved to place up to 1 5 million fully paid or d inary shares without a di s closure document to exe m pt investors under sectio n 708 of the Corporations Act, at a p rice of 3 cen t s per share ( Offer ).

As pr e viously advi s ed by the C ompany (se e cleansing notices dated 24 October 2013 and 2 6 Nove m ber 2013), a total of 7, 3 00,001 fully paid ordinar y shares ha v e been issu e d to exempt invest o rs under the O ffer, raising a total of $21 9 ,000.

The C o mpany wish e s to advise t h at it does to i n tend to issu e any more sh a res pursuan t to the Offer.

ABOU T KORAB R E SOURCES

Korab Resources Ltd is an intern a tional minin g and exploration company with operatio n s in Australi a and E u rope. Korab’s projects in c lude gold a n d silver dep o sit at Bobrik o vo, Winchester magnesit e deposit at Batchelo r and Geolse c rock phosp h ate deposit a t Batchelor. T he company also explore s for go l d and copp e r at Ashburt o n Downs in Western A u stralia and f o r polymetall i c deposits at Batch e lor in the N o rthern Territ o ry. More information about Korab’s pr o jects can be sourced fro m Korab’s website. K o rab’s shares are traded o n Australian Securities E x change (AS X ) and on th e Berlin S tock Exchange (Berliner B örse) throug h Equiduct electronic tradin g platform.

ASX K O R LAST PRICE AU¢ 2.4

BERLIN C6 S .BE LAST PRICE € 0.02

ISSUED CAPITAL 142 MILLION SHARES

MARKET CAPITALISATION AU$3.4 MILLION €2.8 MILLION

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252

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