MINBOS RESOURCES LIMITED — Capital/Financing Update 2014

Jan 13, 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

13 January 2014

Dear Optionholder,

On 13 January 2014, Minbos Resources Limited ( Company) lodged a Prospectus ( Prospectus ) with ASX for a renounceable pro rata rights issue ( Rights Issue ) of 3 (three) fully paid ordinary shares ( New Shares ) for every 7 (seven) fully paid ordinary shares held as at 5pm (WST) on 21 January 2014 to shareholders with a registered address in Australia or New Zealand ( Eligible Shareholders ).

Pursuant to the Rights Issue, the Company will issue up to approximately 110,206,688 New Shares at an issue price of $0.01 each to raise a maximum of approximately $1.1 million (before expenses of the issue). Any shortfall shall be placed at the discretion of the Board of the Directors of the Company.

The Rights Issue is fully underwritten by Bethesda Investment Corp and Copper Mining Venture, LDA (which is a related party of Domingos Catulichi).

The Company intends to apply the proceeds from the Rights Issue (together with the Company’s existing cash reserves) to progress the divestment of the Kanzi Project; to secure the renewal of the Cabinda exploration licences; exploration activities for the Western Australian phosphate tenements; repayment of some of the Company’s existing convertible notes; and general administration and working capital. Notwithstanding the above, in the event that circumstances change or other opportunities arise, the Directors reserve the right to vary the proposed use of funds to maximise benefits to shareholders.

The Prospectus for the Rights Issue is available on the ASX Limited website www.asx.com.au and also on the Company’s website www.minbos.com. The Record Date for the purposes of determining security holders entitles to participate in the Rights Issue is 21 January 2014 at 5pm (WST). The Prospectus for the Rights Issue will be despatched to all Eligible Shareholders soon after the Record Date.

The purpose of this letter is to give you notice that if you wish to participate in the Rights Issue, you must exercise your options before the Record Date.

To ensure that you are allotted shares before the Record date, your option exercise notice together with the correct monies must be received by the Company’s share registry, Automic Registry Services, no later than 17 January 2014. Any notice of exercise of option received after this date cannot be assured of allotment before the Record Date.

An option exercise notice is enclosed with this notice and the telephone contact for the Automic Registry Services is 1300 288 664 should you have any questions regarding the process for exercising your options.

Any questions concerning the Offer should be directed to the Company’s shareholder enquiry line 1800 821 475 or + 61 2 8256 3395 (callers outside of Australia).

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

If you do not wish to participate in the Rights Issue (in respect of your options) you do not need to take any action. Before deciding whether to exercise all of any of your options, you should consider the terms of the Rights Issue carefully and if in any doubt, consult with your professional advisor.

Yours faithfully MINBOS RESOURCES LIMITED Paige Exley Company Secretary