LIVIUM LTD — Capital/Financing Update 2014

Jun 23, 2014

ASX Announcement

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24 June 2014

COMPANY DETAILS

Cobre Montana to focus on the Piedrecillas copper/silver deposit in Chile

ABN : 29 126 129 413

PRINCIPAL AND REGISTERED OFFICE Cobre Montana NL Suite 3 23 Belgravia Street Belmont WA 6104

POSTAL ADDRESS PO Box 588 Belmont WA 6984

W www.cobremontana.com.au

E info@cobremontana.com.au P +61 8 6145 0288 F +61 8 9475 0847

ASX CODE CXB

CORPORATE INFORMATION (24 June 2014) 79M Ordinary Shares 12M Contributing Partly Paid Shares 12M Unlisted Options

BOARD OF DIRECTORS Eduardo Valenzuela (Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director)

Cobre Montana has completed the legal requirements to acquire 55% interest in the Piedrecillas copper/silver project (ASX announcement 10 October 2013). The project is located about 180km south-west of the Chilean capital, Santiago in the Chilean Coastal Range. The project covers 3700 hectares, and exhibits geological features similar to that of other manto-style (tabular) deposits found elsewhere in the region. Manto-style mineralisation can host significant copper deposits, as evidenced by the nearby El Soldado deposit (200 Mt @ 1.35% copper) operated by Anglo American. Manto deposits are often higher in grade than their larger porphyry counterparts.

The Directors, and the Company’s technical advisors believe that exploration at the majority owned Piedrecillas provides much greater potential value to shareholders than further expenditure on the farm-in opportunity at Mantos Grandes (ASX announcement 27 September 2013) particularly considering that the initial drilling program did not deliver the results required by CXB to progress to the next stage. The project, under the terms of the farm-in agreement with Southern Hemisphere Limited, required a further $2.1M expenditure prior to Cobre Montana earning an equity position. Under current market conditions the required expenditure is an unacceptably high risk to shareholders and attempts to renegotiate the terms of the farm-in agreement have failed.

Cobre Montana will expedite work on Piedrecillas and continue assessing exploration and production opportunities in South America, in particular Chile. CXB will seek to secure an outright majority equity and controlling position in future projects.

For further information contact:

Cobre Montana NL Media: Adrian Griffin Professional Public Relations Managing Director Colin Hay Tel: +61 (08) 6145 0288 Tel: +61 (08) 9388 0944 Web: www.cobremontana.com.au

This document has been prepared by Cobre Montana NL for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by Cobre Montana NL or its directors, agents and employees. Except as required by law, and only to the extent so required, directors, agents and employees of Cobre Montana NL shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document. This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may or may not prove to be correct. Cobre Montana NL recommends that potential investors consult their professional advisor/s as an investment in the company is considered to be speculative in nature.