LIVIUM LTD — Capital/Financing Update 2014

Jan 13, 2014

ASX Announcement

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14 January 2014

COMPANY DETAILS

COBRE MONTANA COPPER/GOLD TARGETS IDENTIFIED IN CHILE

ABN : 29 126 129 413 PRINCIPAL AND REGISTERED OFFICE Cobre Montana NL Suite 3 23 Belgravia Street Belmont WA 6104

REGISTERED OFFICE Diamond drilling by Cobre Montana NL (‘Cobre') of the Mantos Grandes Cobre Montana NL copper/gold project in Chile is scheduled to commence on 15 January 2014. Suite 3 23 Belgravia Street Drill plan Belmont WA 6104 The programme’s primary aim is to test mineralisation adjacent to the historic underground production areas at the Mantos Grandes mine (including Mantos POSTAL ADDRESS PO Box 588 Chicos) and the La Demonia mine. Drilling coverage is also planned for Belmont WA 6984 Agua del Minero, a very prospective mineralised area adjacent to La Demonia. The programme will be flexible, with amendments made subject to W www.cobremontana.com.au the success of individual holes as they are drilled. E info@cobremontana.com.au Drill targets Proximal to the Mantos Grandes mine workings, the planned drilling will P +61 8 6145 0288 target mineralisation within the skarns, down dip of the existing workings and F +61 8 9475 0847 close to the fault that is thought to be the feeder of the mineralisation in the skarns. ASX CODE Similarly, La Demonia, a north-west trending fault thought to be the primary CXB feeder structure, will be targeted, as will the adjacent skarn (manto) style mineralisation.

CORPORATE INFORMATION (14 January 2014) 62M Ordinary Shares 12M Contributing Partly Paid Shares 12M Unlisted Options

Drill sections The planned locations of drill holes and interpreted target sections are shown in the attached presentation. Geological notes

Mineralisation within the sedimentary sequence occurs as layers (strata-bound BOARD OF DIRECTORS bodies), which are locally referred to as manto(s). In the case of the Mantos Eduardo Valenzuela Grandes project – which translates as 'large layered deposit’ – the (Non-Executive Chairman) mineralisation occurs in altered limestone and altered marble. Mineralisation Adrian Griffin of this genesis is referred to as skarn(s). (Managing Director) Bryan Dixon (Non-Executive Director)

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With skarn mineralisation, a host rock, generally limestone, is altered and replaced by late-stage fluids that emanate from intrusive igneous rocks with a high and valuable metal content. The valuable metals, which in this case include copper, gold and silver, are expelled from the intrusion in aqueous fluids as the intrusive body cools and solidifies. Intrusions of this type, including the gigantic copper porphyries, are common in Chile due to the tectonic history of the continental margin along the South American coast.

The repetitive expulsion of metal-bearing fluids into adjacent limestone, which absorbs the dissolved metals, creates an environment conducive to progressive metal accumulations, which form comparatively high-grade deposits. Such fluids tend not to migrate far into the limestone; thus, the location of feeder structures is important to the formation of the mineralised zones.

About Cobre Montana

Cobre Montana NL is an Australian based exploration company established to generate significant shareholder wealth by identifying, acquiring, exploring and/or developing substantial mineral projects that possess the potential for significant cashflow and/or exploration upside. Cobre’s principal exploration and development target is the Mantos Grandes copper/gold mine in Chile in which Cobre has the right to earn a 65% interest.

Investors wanting more information should contact:

Adrian Griffin Managing Director T: +61 8 6145 0288

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MANTOS GRANDES PROJECT JANUARY 2014 DRILLING PROGRAM

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Mantos Grandes mine workings – one of 5 skarn deposits in the project area

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Cobre Montana 2014 Drilling Program – Drill Targets

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Cobre Montana 2014 Drilling Program Mantos Grandes Project

Mantos Grandes proposed drilling January 2014

Planned	Sector	Easthing	Northing	Elevation	Azimuth	Dip	Depth (m)	Target
DDHCM-01	Mantos Grandes	351,325	6,584,728	2,555	85	-55	100	Highgrade in feeder EW and manto mineralization.
DDHCM-02	Mantos Grandes	351,355	6,584,790	2,538	85	-60	70	Intersect main ore body explotated by Waffo Company
DDHCM-03	Mantos Chicos	351,350	6,584,520	2,553	85	-60	70	Highgrade in feeder EW and manto mineralization, south limit
DDHCM-04	Mantos Chicos	351,330	6,584,590	2,583	85	-70	80	Highgrade in feeder EW and manto mineralization.
DDHCM-05	La Demonia	351,745	6,584,000	2,710	220	-70	60	Intersect high grade manto and feeder N50°W, La Demonia Tunnel
DDHCM-06	La Demonia	351,792	6,583,972	2,730	220	-70	60	Intersect high grade manto and feeder N50°W, 100 m to SE La Demonia Tunnel
						Sub	440
RECCM-01	Agua del Minero	352,031	6,584,288	2,768	0	-70	100	Intersect Agua del Minero EW structure
RECCM-02	Agua del Minero	351,848	6,584,304	2,692	180	-70	100	Intersect Agua del Minero EW structure
RECCM-03	Mantos Grandes	351,325	6,584,753	2,545	85	-50	70	Intersect high grade EW feeder and manto mineralization
RECCM-04	Mantos Grandes	351,410	6,584,761	2,583	85	-60	100	Intersect high grade EW feeder and manto mineralization
						Sub	370
						Total	810

Coordinates are the UTM Zone 19, Provisional South American Datum (PSAD) 1956.

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Mantos Grandes Cross Section – 6,584,728N Proposed diamond drill hole DDHCM-01

Skarn System (garnet skarn and hornfels) DDHCM-01 Mine void Mineralized zones Mine void Metamorphic System (marble)

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Man tos Grandes Cross Section – 6,584,790N Proposed diamond drill hole DDHCM-02

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DDHCM-02 Skarn System (garnet skarn and hornfels)
Mine void
Mineralized zones Mine void
Metamorphic System (marble)
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Mantos Chicos Cross Section – 6,584,520N Proposed diamond drill hole DDHCM-03

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DDHCM-03
Skarn System (garnet skarn and hornfels)
Mine void
Mineralized zones
Metamorphic System (marble)
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Mantos Chicos Cross Section – 6,584,590N
Proposed diamond drill hole DDHCM-04
DDHCM-04 Skarn System (garnet skarn and hornfels)
Mineralized zones
Metamorphic System (marble)
Mine void
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La Demonia Cross Section 040-220 – looking SE Proposed diamond drill hole DDHCM-05

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Granodioritic Sill
La Demonia NW Feeder
DDHCM-05
La Demonia Adit
Garnet skarn
La Demonia Manto
Calcarenites and Micrites
Dioritic Sill
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Mantos Grandes Cross Section 584,728N Proposed diamond drill hole RECCM-03

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RECCM-03
Skarn System (garnet skarn and hornfels)
Mine void
Mineralized zones Mine void
Metamorphic System (marble)
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Mantos Grandes Cross Section 6,584,761 Proposed diamond drill hole RECCM-04

RECCM-04 Skarn System (garnet skarn and hornfels) RECCM-03 Mineralized zones Metamorphic System (marble)