MINBOS RESOURCES LIMITED — Capital/Financing Update 2014

Jul 29, 2014

30 July 14

ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia T: +61 8 6102 7724 E: info@minbos.com

W: www.minbos.com

ABN: 93 141 175 493

ASX ANNOUNCEMENT/MEDIA RELEASE

Completion of Renounceable Entitlement Offer

Minbos Resources Limited (“ Minbos ” or “ Company ”) (ASX:MNB) advises that its pro rata renounceable entitlement offer of two (2) fully paid ordinary shares in the capital of the Company ( Share ) for every one (1) Share held by eligible shareholders on 18 June 2014 at an issue price of $0.003 per Share to raise up to approximately $1,752,894 (before costs) ( Offer ) closed at 5.00pm on 23 July 2014.

The Company has issued 104,786,468 fully paid ordinary Shares pursuant to the Offer, with trading of the new Shares expected to commence on 31 July 2014. The Company is able to issue 447,119,610 Shares in relation to the shortfall of the Offer.

Issued Capital of the Company following the Completion of the Offer

Shares	Number
Fully paid ordinary Shares currently on issue1	396,935,406
Unlisted Options	Number
Options currently on issue (unlisted): Options $0.25 expiring 30 December 2014 Options $0.0937 expiring 8 March 2016 Options $0.01 expiring 30 December 2016	3,000,000 1,150,000 118,333,333
Total Options on issue after completion of the Offer	122,483,333

Notes:

1. The Company has issued convertible notes, as set out below.

2. a. Convertible Security: with a face value of $200,000 which may be converted at any time at the discretion of the holders. The number of Shares to be issued upon conversion is based on 91% of the average 3 day volume weighted average price (VWAP) during the 20 days immediately prior to receipt of the conversion notice. These Noteholders have agreed to convert their Notes into Shares at an issue price of $0.003 each, subject to the Company’s Angolan licence(s) being renewed.

3. b. CPS Facility Convertible Notes: 22 x convertible notes have been issued under this facility, in 2 tranches, each with a face value of $25,000, convertible at a price of $0.003 per Share for the issue of up to 8,333,333 Shares per note plus 8,333,333 free attaching Options, for a maximum of 183,333,333 Shares plus 183,333,333 free attaching Options.

4. c. Reeves Convertible Notes: 25 x Reeves Convertible Notes have been issued, each with a face value of $10,000 at a conversion price of $0.063 per Share to issue a maximum of 3,968,254 Shares. Reeves has confirmed he will apply the amount outstanding under his Notes in subscription for Shares under the Shortfall Offer.

5. d. Carter Convertible Notes: 25 x Carter Convertible Notes have been issued, each with a face value of $10,000 at a conversion price of $0.063 per Share to issue a maximum of 3,968,254 Shares.

30 July 14

ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia T: +61 8 6102 7724 E: info@minbos.com W: www.minbos.com ABN: 93 141 175 493

Top 20 Shareholders of fully paid ordinary shares

Rank	Shareholder	Holding	% Issued Capital
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	BRIJOHN NOMINEES PTY LTD PHEAKES PTY LTD CELTIC CAPITAL PTY LTD NATIONAL NOMINEES LIMITED MRS ELEANOR JEAN REEVES CHIKAPA COMERCIO AND INDUSTRIA LDA BBY NOMINEES LIMITED DR CAROLINE ANNE GOOSSENS HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED JCJ INVESTMENTS SA TRINITY MANAGEMENT PTY LTD CITICORP NOMINEES PTY LIMITED MR GARY PADMORE MR ROBERT GERARD STARCEVICH MUZZ MUZZ PTY LTD J P MORGAN NOMINEES AUSTRALIA LIMITED MR MICHAEL FOSTER BLACK & MRS LYNETTE ROBIN BLACK SUR SUPP CO STF S/F 2 A/C> HIRE IQ PTY LTD JCJ INVESTMENTS SA JWB MANAGEMENT PTY LTD	62,356,166 45,016,666 35,416,666 22,263,056 18,658,333 17,640,000 10,000,000 9,583,333 8,085,145 8,027,728 8,000,000 6,905,956 6,120,000 5,000,000 4,000,000 3,817,841 3,751,650 3,428,616 3,000,000 3,000,000	15.71 11.34 8.92 5.61 4.70 4.44 2.52 2.41 2.04 2.02 2.02 1.74 1.54 1.26 1.01 0.96 0.95 0.86 0.76 0.76
Total 284,071,156 71.57

The Board would like to thank shareholders for their continued support for Minbos.

ENDS

For further information please contact:

Paige Exley For media enquiries contact: Company Secretary David Ikin – Professional Public Relations paige@eventide.com.au david.ikin@ppr.com.au +61 (0) 8 6102 7724 +61 (0) 8 9388 0944

30 July 14

ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia T: +61 8 6102 7724 E: info@minbos.com W: www.minbos.com ABN: 93 141 175 493

About Minbos

Minbos Resources Limited ( ASX:MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore.

Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.

The Company’s strategy is to specifically target the exploration and development of low cost fertiliserbased commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.

For more information, visit www.minbos.com