KORAB RESOURCES LIMITED — Capital/Financing Update 2015

Jun 17, 2015

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FPO SHARES Issued: 153 mln Market Cap: $5 mln ASX: KOR Last Price: AU¢ 3.1 BERLIN: C6S.BE Last Price: € 0.01

KORAB RESOURCES LIMITED KORAB HOUSE

www.korab.com.au

Thursday, 18 June 2015

RIGHTS ISSUE OFFER – APPOINTMENT OF NOMINEE FOR EXCLUDED SHAREHOLDERS

On 26 May 2015, Korab Resources Limited ( ASX: KOR ) ( Korab ) announced a partially underwritten non-renounceable rights issue of 1 share for every 3 shares held to raise up to approximately $1.522 million (before costs and expenses) ( Offer ).

Korab advises that, as contemplated in the Offer Memorandum lodged with ASX on 26 May 2015, it has appointed a nominee, on normal commercial terms, as nominee for the sale of the entitlements that those shareholders who were excluded from participating in the Offer ( Excluded Shareholders ) would have been offered under the Offer had they been eligible to participate ( Excluded Shareholder Entitlements ).

The appointment of the nominee was made in accordance with section 615 of the Corporations Act 2001 (Cth) ( Corporations Act ), and, as such, shareholders eligible to participate in the Offer and the underwriter (and any applicable sub-underwriter) of the Offer will be able to rely on the exception for rights issues in item 10 of section 611 of the Corporations Act.

For further information in relation to the nominee appointment, please refer to the Offer Memorandum lodged with ASX on 26 May 2015, a copy of which is available to download from the ASX website (at www.asx.com.au).

Shareholders with queries concerning the Rights Issue should contact Andrej Karpinski on (08) 9474 6166.

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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 mine at Bobrikovo in Ukraine, Geolsec phosphate mine located 80km from Darwin in the Northern Territory of Australia and Winchester magnesite deposit located 75km from Darwin 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 Rum Jungle mineral field in the Northern Territory of Australia. 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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