LIVIUM LTD — Capital/Financing Update 2014

Apr 1, 2014

ASX Announcement

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2 April 2014

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COMPANY DETAILS 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 (2 April 2014) 69M Ordinary Shares 12M Contributing Partly Paid Share 12M Unlisted Options BOARD OF DIRECTORS Eduardo Valenzuela (Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director)	s COBRE MONTANA ADVANCES ACQUISITION OF ADDITIONAL CHILEAN COPPER PROJECT Cobre Montana NL (“Cobre Montana” or “the Company”) is pleased to announce that it has met all of the commercial requirements to procure 55% of the Piedrecillas project. This has been accomplished by making statutory payments required to maintain the exploration tenure, and the issue of 3,553,846 ordinary fully paid shares in the capital of Cobre Montana. Details of the terms of the agreement were announced on 24 February 2014. A shareholders’ agreement is required subsequent to commercial completion and such agreeent is in preparation. The Piedrecillas project is located approximately 180km south of the Chilean capital, Santiago and consists of sixteen exploration concessions covering over 2000 hectares (Figure 1). The Piedrecillas project exhibits similar characteristics to that of manto-style (tabular) deposits found elsewhere in the region. Manto-style mineralisation can host significant copper deposits, as evidenced by the El Soldado deposit (200 Mt @ 1.35% copper) operated by Anglo American. Manto deposits are often higher in grade than their larger porphyry counterparts, due to the preponderance of bornite mineralisation in the system. Technical details on the project were announced on 10 October 2013. About Cobre Montana Cobre Montana NL is an Australian based exploration company developing mineral projects that possess the potential for significant cashflow and/or exploration upside. Cobre’s principal exploration and development assets include the Mantos Grandes copper/gold mine in Chile in which Cobre has the right to earn a 65% interest, and an option to purchase up to 55% of the Piedrecillos copper/silver project (also in Chile). Investors wanting more information should contact: Adrian Griffin Managing Director T: +61 8 6145 0288	s COBRE MONTANA ADVANCES ACQUISITION OF ADDITIONAL CHILEAN COPPER PROJECT Cobre Montana NL (“Cobre Montana” or “the Company”) is pleased to announce that it has met all of the commercial requirements to procure 55% of the Piedrecillas project. This has been accomplished by making statutory payments required to maintain the exploration tenure, and the issue of 3,553,846 ordinary fully paid shares in the capital of Cobre Montana. Details of the terms of the agreement were announced on 24 February 2014. A shareholders’ agreement is required subsequent to commercial completion and such agreeent is in preparation. The Piedrecillas project is located approximately 180km south of the Chilean capital, Santiago and consists of sixteen exploration concessions covering over 2000 hectares (Figure 1). The Piedrecillas project exhibits similar characteristics to that of manto-style (tabular) deposits found elsewhere in the region. Manto-style mineralisation can host significant copper deposits, as evidenced by the El Soldado deposit (200 Mt @ 1.35% copper) operated by Anglo American. Manto deposits are often higher in grade than their larger porphyry counterparts, due to the preponderance of bornite mineralisation in the system. Technical details on the project were announced on 10 October 2013. About Cobre Montana Cobre Montana NL is an Australian based exploration company developing mineral projects that possess the potential for significant cashflow and/or exploration upside. Cobre’s principal exploration and development assets include the Mantos Grandes copper/gold mine in Chile in which Cobre has the right to earn a 65% interest, and an option to purchase up to 55% of the Piedrecillos copper/silver project (also in Chile). Investors wanting more information should contact: Adrian Griffin Managing Director T: +61 8 6145 0288
		Cobre Montana NL (“Cobre Montana” or “the Company”) is pleased to announce that it has met all of the commercial requirements to procure 55% of the Piedrecillas project. This has been accomplished by making statutory payments required to maintain the exploration tenure, and the issue of 3,553,846 ordinary fully paid shares in the capital of Cobre Montana. Details of the terms of the agreement were announced on 24 February 2014. A shareholders’ agreement is required subsequent to commercial completion and such agreeent is in preparation. The Piedrecillas project is located approximately 180km south of the Chilean capital, Santiago and consists of sixteen exploration concessions covering over 2000 hectares (Figure 1). The Piedrecillas project exhibits similar characteristics to that of manto-style (tabular) deposits found elsewhere in the region. Manto-style mineralisation can host significant copper deposits, as evidenced by the El Soldado deposit (200 Mt @ 1.35% copper) operated by Anglo American. Manto deposits are often higher in grade than their larger porphyry counterparts, due to the preponderance of bornite mineralisation in the system. Technical details on the project were announced on 10 October 2013. About Cobre Montana Cobre Montana NL is an Australian based exploration company developing mineral projects that possess the potential for significant cashflow and/or exploration upside. Cobre’s principal exploration and development assets include the Mantos Grandes copper/gold mine in Chile in which Cobre has the right to earn a 65% interest, and an option to purchase up to 55% of the Piedrecillos copper/silver project (also in Chile). Investors wanting more information should contact: Adrian Griffin Managing Director T: +61 8 6145 0288

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Figure 1: Piedrecillas project location plan

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