MINBOS RESOURCES LIMITED — Capital/Financing Update 2014

Mar 11, 2014

ASX Code: MNB PERTH OFFICE Level 1, 278 Stirling Hwy Claremont WA 6010 Australia

12 March 2014

T: +61 8 9322 9295 E: info@minbos.com W: www.minbos.com

ABN: 93 141 175 493

ASX ANNOUNCEMENT/MEDIA RELEASE

MINBOS ENTERS INTO ARRANGEMENT TO REPAY THE REMAINING

PORTION OF THE AUSTRALIAN SPECIAL OPPORTUNITIES FUND, LP

CONVERTIBLE SECURITY

Minbos Resources Limited (“ Minbos ” or “ Company ”) (ASX:MNB) is pleased to advise that at the Company’s request it has executed a Settlement Deed with the Lind Partners, LLC, the manager of the Australian Special Opportunities Fund LP (together, “ Lind ”) in relation to the existing convertible security under the Share Purchase and Convertible Security Agreement announced 8 March 2013 (“ Principal Agreement ”). As previously announced, the funding agreement under the Principal Agreement was terminated by mutual consent in June 2013.

The key terms of the Settlement Deed are:

• (a) Minbos must pay, or procure the payment, to Lind of the outstanding amount of $200,000 owing under the convertible security (“ Convertible Security ”), in return for certain releases in relation to the Convertible Security and also generally under the Principal Agreement;

• (b) Minbos must issue to Lind 10,000,000 shares, subject to the receipt of shareholder approval, as partial consideration for the releases;

• (c) The parties have reconfirmed that Lind has no right or obligation to provide any future funding to Minbos under the Principal Agreement.

The Company has identified a group of sophisticated investors who have agreed to take assignment of the Convertible Security which allows the funding to stay in place and for the Company to repay the Convertible Security at a later stage on amended terms agreed between the Company and such investors.

The Directors believe that this arrangement is in the best interests of the Company.

We would like to thank Lind for their continued support and foregoing its rights of conversion in favour of the best interests of all stakeholders during this time of continued turmoil in the junior mining sector.

ENDS

For further information please contact:

Ms Paige Exley For media enquiries contact: Company Secretary David Ikin – Professional Public Relations paige@bluehorse.com.au david.ikin@ppr.com.au +61 (0) 8 9322 9295 +61 (0) 8 9388 0944

12 March 2014

ASX Code: MNB PERTH OFFICE Level 1, 278 Stirling Hwy Claremont WA 6010 Australia T: +61 8 9322 9295 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