LIVIUM LTD — Capital/Financing Update 2013

Jan 23, 2013

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24 January 2013

SOUTH AFRICAN GOVERNMENT APPROVAL

Midwinter Resources NL (“Midwinter” or the Company) is pleased to announce that it has been granted official approval by the South African Department of Mineral resources to complete the acquisition of Capricorn Iron (Pty) Ltd, the Company’s South African operating subsidiary.

The transaction as announced on 10 June 2010 has provided Midwinter access to a controlling interest in a significant magnetite province. At the time of entering into the agreement, the iron ore potential was demonstrated by a 28km long magnetic anomaly and minor outcrop. Work undertaken by Midwinter has identified significant further iron occurrences throughout the Limpopo Province, over a length of 270 km. Since identifying the vast iron ore potential, Midwinter has significantly increased its holding in the area, as shown in Figure 1.

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Figure 1 showing the Limpopo Province and areas of granted tenure (purple) applications yet to be processed (green) and application accepted (orange).

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E admin@midwinterresources.com.au www.midwinterresources.com.au

P (618) 6145 0288 F (618) 9475 0847

Drilling on granted tenure at Northern Lights (shown yellow in Figure 1) has resulted in production of magnetite concentrates of excellent quality. Typically 80-90% of the iron can be recovered in a magnetic concentrate exceeding 69% Fe at a grind size of 150 microns. Impurity levels are very low (SiO2<2.5%, Al2O3<1.5%, P<0.01).

Under the terms of the acquisition agreement, Midwinter is required to issue a further 5 million shares to increase its beneficial interest in Capricorn Iron (Pty) Ltd to 70%. The remaining 30% is held by the Nkgapu Group, Midwinter’s partners in the Limpopo region.

ABOUT MIDWINTER

Midwinter maintains a significant interest in exploration for and acquisition of feedstock projects to the steel industry, including iron ore, limestone, coal and gas in Africa. The company also has applications over areas prospective for phosphate in South Africa and Australia.

Adrian Griffin Managing Director T: +618 6145 0288

Competent Person’s 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

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P (618) 6145 0288 F (618) 9475 0847 E admin@midwinterresources.com.au

www.midwinterresources.com.au