LIONTOWN LIMITED — Capital/Financing Update 2012

Mar 12, 2012

ASX Announcement

Share Placement to raise $1.1 million

Liontown Resources Limited ABN 39 118 153 825

Liontown Resources Limited (“Liontown”) announces that it has agreed to place 30,000,000 shares at 3.8 cents per share to raise approximately $1.14 million before issue costs (“the Placement”). The Placement is being undertaken at a 9% premium to the last closing share price of 3.5 cents.

The funds raised will be used to advance exploration at the Company’s exciting Jubilee Reef Gold Project (Liontown earning a 75% interest) in Northern Tanzania where drilling is expected to commence in April 2012.

The Placement has been arranged by Bell Potter Securities Limited. The Placement will be made pursuant to the 15% allowance under ASX Listing Rules and is scheduled to be completed on or around 16 March 2012.

DAVID RICHARDS Managing Director

12 March 2012

INVESTMENT HIGHLIGHTS

• Active exploration programs planned for 2012 with potential to discover major precious metal deposits.

• Large gold system identified at Jubilee Reef JV in northern Tanzania. 10,000m follow up drilling program scheduled to commence in early Q2 2012.

• Large land position in North Queensland precious metals province with multiple drill targets defined. Fully funded by JV Partner Ramelius Resources.

For further information, please contact:

Mr Tim Goyder - Executive Chairman Mr David Richards - Managing Director Liontown Resources Limited Telephone +61 8 9322 7431

Liontown Resources Limited, Level 2, 1292 Hay Street, West Perth, Western Australia T: +618 9322 7431 F: +618 9322 5800 E: info@ltresources.com.au W: www.ltreources.com.au

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