LIVIUM LTD — Capital/Financing Update 2012

Jan 17, 2012

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ASX ANNOUNCEMENT 18 January 2012

BRR BROADCAST – Midwinter’s Woolwich Drilling Campaign to Commence in January 2012.

Midwinter Resources NL (ASX: MWN) has released a webcast with the following details:

Strategic exploration tenure granted in South Africa

Speaker: Adrian Griffin, Managing Director Live date: Wed, 18 Jan 2012 10.30am AEST

Access this webcast at http://www.brr.com.au/event/90651

Access other MWN webcasts at www.brr.com.au/asx/MWN

Investors wanting more information on Midwinter should contact:

Adrian Griffin Managing Director T: +618 9322 6451

About Midwinter

Midwinter is focused on advancing the Northern Lights Iron Ore Project in the Republic of South Africa. Magnetite targets are contained within 3000km[2] of granted Prospecting Rights and applications over a 270km trend which is interpreted to contain over 600km strike of banded iron formation, the host to the magnetite mineralization.

Woolwich is the largest continuous magnetic anomaly within the area flown with high resolution aeromagnetic in 2010. Woolwich is approximately 15km long and has been extensively modelled by Fugro, world leading geophysical consultants. The Fugro models suggest multiple magnetic bodies over a width of about 800m have generated the core of the Woolwich anomaly. This core is the focus of the January drilling campaign.

Previously Midwinter exploration, focused on stratigraphic extensions of the Woolwich anomaly, has produced assays from drilling and surface samples from 23% to 41% Fe. Mineralization is coarsegrained and amenable to low cost concentration processes. The mineralization exhibits very low impurity levels and is capable of producing very high quality concentrates.

Competent Persons Statement:

The information contained in the report that relates to Exploration Results of projects owned by Midwinter Resources NL and is based on information compiled or reviewed by Mr. Adrian Griffin, who is an employee of the Company and is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which

is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Griffin has given consent to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ENDS