MINERAL COMMODITIES LTD — Capital/Financing Update 2012

Sep 27, 2012

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Mineral Commodities Ltd

ABN 39 008 478 653

40 Murray Road North Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100 Facsimile: 61 8 9258 3601 Email: info@mncom.com.au Web: www.mncom.com.au

28 September 2012

Company Announcements Office Australian Securities Exchange

BLACK EMPOWERMENT PARTY – LOAN AGREEMENT

Mineral Commodities Limited (MRC or the Company) advises that its wholly owned South African subsidiary, MRC Resources Pty Ltd (MRCR), has entered into a loan agreement (the Loan) with its Black Empowerment Partner in South Africa, Blue Bantry Investments 255 Pty Ltd (Blue Bantry).

MRC and Blue Bantry have concluded a number of agreements since 2006 with the objective of directly and indirectly uplifting the Xolobeni community through MRC’s mining projects in South Africa. The Xolobeni community has an immediate need for investment and opportunity creation.

The Company, via MRCR, and Blue Bantry are both 50% shareholders in Mineral Sands Resources Pty Ltd (MSR), the entity which owns the Tormin Mineral Sands Project (Tormin). Recently, MRC advised that MSR’s Environmental Management Programme (EMP) for its proposed mining activities at Tormin had been approved by the Regional Director for the Western Cape. The EMP was the final material impediment to the Company to proceed to ensure appropriate financing is in place to undertake accelerated development of Tormin.

As part of this process, MRC has agreed to provide Blue Bantry access to an amount of funding to support the original objective by advancing through the Loan certain benefits Blue Bantry would expect to receive from Tormin. The Loan will consist of an upfront amount of ZAR1 million (approx AUD$117K) with a further ZAR13 million (approx AUD$1.53M) payable no later than 31 December 2012, subject to the successful capital raising for the development of Tormin. Blue Bantry will repay the Loan from distributions that it will receive in the future from MSR.

In addition to providing an immediate positive benefit to the AmaDiba Community who are the traditional landowners of and have a direct interest in MRC’s Xolobeni Mineral Sands Project, provision of the Loan also provides the Company with greater flexibility to arrange the project finance and manage Tormin on an ongoing basis.

The Loan therefore represents a concerted effort by MRC and its South African partners to facilitate the development of the Company’s interests in South Africa, and Tormin in particular, whilst also recognising the social objectives and specific needs of various stakeholders.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr Andrew Lashbrooke CEO Mineral Commodities Limited