LIVIUM LTD — Capital/Financing Update 2014

May 11, 2014

ASX Announcement

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12 May 2014

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COMPANY DETAILS

ABN : 29 126 129 413

DISPATCH OF PROSPECTUS FOR ENTITLEMENT OFFER AND BONUS OFFER

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

Cobre Montana NL ( Company ) is pleased to announce the dispatch today, 12 May 2014, of the Prospectus for a non-renounceable, pro rata offer of fully paid shares to eligible shareholders at an issue price of $0.04 each on the basis of 1 new share for every 4 shares held at 9 May 2014 to raise approximately $0.5 million ( Entitlement Offer ) and a non-renounceable, pro rata bonus offer of partly paid shares at a total issue price of $0.05 each on the basis of 1 new partly paid share for every 2 shares held at 18 July 2014. Each new partly paid share is offered for nil cash consideration and will be deemed to be paid up to $0.001 ( Bonus Offer ) as outlined to ASX on 5 May 2014.

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

ASX CODE CXB

CORPORATE INFORMATION

(12 May 2014) 73M 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)

IMPORTANT

The partly paid shares will be offered to eligible shareholders for no cash consideration . However, in order for shareholders to receive their entitlement (if any), they must return an acceptance form in accordance with the Company’s Prospectus dated 5 May 2014. Shareholders who apply for shares under the Entitlement Offer are deemed to accept their entitlements (if any) under the Bonus Offer and are therefore not required to lodge a separate (additional) acceptance form for new partly paid shares. Shareholders who fail to return an acceptance form for partly paid shares by 21 July 2014 (or who do not apply for shares under the Entitlement Offer) will not receive their entitlement (if any) to free partly paid shares.

Acceptances for the Entitlement Offer will close at 5:00pm WST on 4 June 2014.

Acceptances for the Bonus Offer will close at 5:00pm WST on 21 July 2014.

Applicants should consult their brokers or professional advisors in regards to undertaking an investment in the Company.

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Cobre Montana NL – Non-Renounceable Pro Rata Entitlements Offer & Bonus Issue

May 2014

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.

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