LIVIUM LTD — Capital/Financing Update 2012

May 9, 2012

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ASX ANNOUNCEMENT 10 May, 2012

MIDWINTER RAISES $840,000 TO FURTHER IRON ORE EXPLORATION IN SOUTH AFRICA

Midwinter Resources NL (“Midwinter”) ( ASX: MWN or the “Company” ) has received commitments of $840,000 (before costs) for a private placement of 8,000,000 shares at 10.5 cents per share. The placement managed by Stellar Securities consists of two tranches, the first tranche of 4,500,000 shares to be issued immediately and a second of 3,500,000 shares which is subject to shareholder approval.

The shares will be placed to a mix of sophisticated investor clients of Stellar Securities and existing shareholders including, subject to shareholder approval, any parties associated with Director(s) of the Company.

The funds will be used as follows:

• to further the exploration of iron ore in South Africa;

• to further the exploration and development of pending acquisitions; and

• for further working capital of the Company

Investors seeking more information on Midwinter should contact:

Adrian Griffin Nathan Barbarich Managing Director Managing Director Midwinter Resources Stellar Securities T: + 61 8 9322 6451 T: + 61 8 9480 0100