LINDIAN RESOURCES LIMITED — AGM Information 2014

Nov 26, 2014

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ASX Release

27 November 2014

LINDIAN RESOURCES LIMITED

Level 1 / 330 Churchill Avenue Subiaco, WA 6008 Tel: +61 8 9200 4438 Fax: +61 8 9200 4469

Contact: Eddie King Chairman

E-mail: info@lindianresources.com.au

Website: www.lindianresources.com.au

AGM UPDATE

Lindian Resources Limited ( Lindian or the Company ) is pleased to announce the following update to shareholders at the Company’s Annual General Meeting held on 27 November 2014.

MASAPELID PROJECT

The Company continued work towards satisfying the requirements of the Department of Environment and Natural Resources ( DENR ) and the Mines and Geosciences Bureau ( MGB ) to submit the Declaration of Mining Project Feasibility ( DMPF ) on the Masapelid Project ( Masapelid or the Project ), which is required to be lodged by 6 January 2015. The Company is confident that submission of the DMPF will take place in December 2014.

The preparation of the DMPF submission is being undertaken in consultation with CASELAW; a prominent legal advisor in the Philippines and Mediatrix Business Consultancy ( Mediatrix ); an experienced consultant to resource companies.

Approval of the DMPF will enable the Company to enter into Project Development stage.

The key deliverables for the DMPF currently under final review and awaiting final input from stakeholders include:

• Environmental Compliance Certificate

• Social Management and Development Program

Directors / Officers: Kerry Griffin Eddie King Steve Formica Jack James (Company Secretary)

ASX Code: LIN, LINOC, LINO

• Environmental Protection and Enhancement Program, including Final Mine Rehabilitation and Decommissioning

• Final Exploration Report

• Mining Project Feasibility

• Endorsements from Local Government Units

Following submission of the DMPF, the MGB Regional Office and Central Offices will evaluate the DMPF and will give the Company notification of any deficiencies that need to be addressed.

The Company is pleased with the work done to date, in particular with CASELAW and Mediatrix’s contributions to the DMPF. Lindian looks forward to working with all stakeholders throughout the DMPF process.

Eddie King

Director

LINDIAN RESOURCES LIMITED

BACKGROUND

As previously announced, Lindian holds its rights to the Project through an agreement between its wholly owned subsidiary and San Manuel Mining Company ( SMMC ). SMMC holds the Mineral Production Sharing Agreement ( MPSA ) as Contractor to extract the minerals on behalf of the Philippines Government.

SMMC, on behalf of the parties to the MPSA, has been granted until 6 January 2015 to submit a Declaration of Mining Project Feasibility in respect of Masapelid. The lodgement of a DMPF provides the Company with the basis for renewal of the MPSA for a further 25 years or, if warranted, conversion to a Financial Technical Assistance Agreement ( FTAA ).

If the DMPF is approved by the DENR, the Company will be able to move the Project forward into development and construction. Additionally, approval of the DMPF will enable the Company the opportunity to apply for further exploration permits to increase the scale of the project for increased production.

ABOUT THE MASAPELID PROJECT

The Project is located on Masapelid Island, 6km offshore from the coastal town of Placer, north-eastern Mindanao. Masapelid Island is located immediately east of Surigao City which is reached by domestic flights from Manila. Access from Surigao City is by boat for approximately 90 minutes from either Surigao City or 45 minutes from Placer.

The Project consists of a Mineral Production Sharing Agreement No. 004-91-XIII which was granted in April 1991 covering the whole island. Geologically, Masapelid is part of the well mineralised Surigao District. Masapelid is the subject of an agreement between Lindian’s wholly owned subsidiary and SMMC that provides Lindian with a 100% beneficial interest and rights to the Project subject to Lndian making annual payments to SMMC.

Masapelid has been known for its gold deposits that were exploited by the island’s inhabitants as far back as the Spanish colonial period. The best known mineralized area for gold was the Layab area in the mid-eastern section of the island where the NE-trending Layong Vein is found. This “high grade” structure is reported to have delivered vein materials assaying as high as 24 g/t Au and is estimated to have accounted for about 90% of the pre-WWII gold production in the island. Later works by a number of mining companies have identified other mineralized areas throughout the island. The most notable of these works were that of Western Mining Corporation (1991-94) which explored not only the known vein-type gold mineralization but also delimited porphyry-type copper mineralization in the southern part of the island. Lindian, following the lead of WMC, conducted a more focused drilling program comprising of core and RC drilling in this area and from August 2011 to October 2012 completed 28 diamond drill holes with a combined length of 8,256 meters and 100 reverse circulation drill (RCD) holes totalling 8,751 meters.

LINDIAN RESOURCES LIMITED