MINDAX LIMITED — Capital/Financing Update 2012

Oct 9, 2012

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ASX ANNOUNCEMENT

10 October 2012

ASX Code: MDX ABN: 28 106 866 442

Corporate Description

MINDAX SECURES FARM-IN AGREEMENT FOR GOLD EXPLORATION PROJECT

• Agreement provides for $2.5M to be spent on Meekatharra North Gold Project.

Mindax's Mt Forrest Iron Project is progressing through feasibility with a view to mining at the end of 2014.

Mindax is also the greenfields discoverer of a new uranium province near Mukinbudin, Western Australia.

Mindax also has exploration projects based in Western Australia which involve Gold and Copper.

Through technically advanced exploration and an eye for detail, Mindax has successfully built a significant portfolio of 37 mineral exploration and mining tenements covering over 4,000 square kilometres. In addition, Mindax has applications in place for water and infrastructure covering over 2,400 square kilometres in support of the Mt Forrest Iron Project development.

Mindax aims to develop strategic resources through innovative exploration. Projects will be moved to production including via strategic partnerships.

Key Projects

Mt Forrest DSO Iron, Magnetite Yilgarn-Avon JV Sedimentary Uranium Mortlock JV Copper-Gold Meekatharra Gold

Address

Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: info@mindax.com.au

Investor Enquiries

Steve Ward Managing Director and Chief Executive Officer Telephone: +61 8 9485 2600 Email: info@mindax.com.au

Media Enquiries

David Utting Mobile: +61 416 187 462 Email: david@davidutting.com

• Farm-In partner will earn 51% of the Project if expenditure completed in 3 years.

• Project is highly prospective and adjacent to recent gold find at Andy Well by Doray Minerals.

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MINDAX LIMITED | www.mindax.com.au

ASX Announcement Mindax / Zhuang Farm-in Agreement 10 OCTOBER 2012

Mindax is pleased to announce that a Letter Agreement has been signed with Mr Chenfei Zhuang and Mr Zhensheng Zhuang. This Farm-in Agreement will allow Messrs’ Zhuang to earn 51% of the Meekatharra North Gold Project by expending a minimum of $2.5M over the next 3 years. Messrs’ Zhuang must spend $500,000 by August 2013 before the first opportunity to withdraw and the agreement is subject to certain government approvals.

Mindax’s Meekatharra North Project is situated 40km north of Meekatharra and 20 km along structure from the Paddy’s Flat gold field (where 2.5 million ounces of gold have been produced). The area is substantially covered by a thin blanket of colluvium and deeper palaeochannels. Previous drilling has identified a series of blind mineralised and altered shears through the area.

The project lies immediately along strike from Doray Minerals Limited ( Doray ) (ASX: DRM) high grade Andy Well gold project (831,000t @ 12.7g/t for 338,000 contained ounces – ASX 30[th] July 2012). Work by Doray suggests that the mineralised structures encountered to date continue southwards.

Mindax will continue to manage the tenement and provide technical expertise during the earn-in period.

Mindax is pleased to enter into the arrangement with Messrs’ Zhuang which will enable the project to be moved forward and the exploration potential of this highly prospective tenement to be assessed during the next 3 years.

End of Announcement

For further information contact:

Steve Ward, Managing Director Mindax Limited Telephone: +61 8 9485 2600

Media:

David Utting David Utting Communications Telephone: +61 416 187 462

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MINDAX LIMITED | www.mindax.com.au