MINERAL COMMODITIES LTD — Capital/Financing Update 2013

Sep 3, 2013

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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

4 September 2013

The Manager Australian Stock Exchange Limited Level 4 20 Bridge Street Sydney, NSW 2000

Dear Sir

ENTITLEMENT ISSUE

Mineral Commodities Limited (ACN 008 478 653) ( MRC ) advises that it intends to undertake a 1 for 4 non-renounceable entitlement issue ( Entitlement Issue or Offer ) of approximately 80,988,335 fully paid ordinary shares ( New Share ) to raise approximately $6,479,066. The price of New Shares under the Offer is $0.08 each ( Issue Price ).

The Offer is fully underwritten by Zurich Bay Holdings Pty Ltd (ACN 009 422 093) and Au Mining Limited, a company incorporated in the British Virgin Islands ( Underwriters ).

The purpose of the Offer is to raise up to $6,479,066 to fund the completion, commissioning and start up working capital for the Tormin Mineral Sands Project.

A prospectus relating to the Entitlement Issue will be lodged with ASIC today and will be sent to shareholders together with a personalised Entitlement and Acceptance Form.

Following completion of the Offer, the Company will have issued approximately 80,988,335 New Shares resulting in total Shares on issue of approximately 404,941,678.

The proposed timetable for the Entitlement Issue is set out on the following page.

Yours faithfully

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Peter Torre Company Secretary

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TIMETABLE AND IMPORTANT DATES*

Event

Proposed Date

Lodgement of Prospectus with the ASICWednesday, 4 September 2013Lodgement of Prospectus & Appendix 3B withASXWednesday, 4 September 2013Notice sent to OptionholdersPre-trade, 5 September 2013Notice sent to ShareholdersFriday, 6 September 2013Ex dateMonday, 9 September 2013Record Date for determining EntitlementsFriday, 13 September 2013Prospectus sent to Shareholders & Companyannounces this has been completedThursday, 19 September 2013Closing Date*Thursday, 3 October 2013Shares quoted on a deferred settlement basisFriday, 4 October 2013ASX notified of under subscriptionsWednesday, 9 October 2013Issue DateMonday, 14 October 2013Quotation of Shares issued under the Offer*Tuesday, 15 October 2013

*The Directors may extend the Closing Date by giving at least 6 Business Days notice to ASX prior to the Closing Date. As such the date the Shares are expected to commence trading on ASX may vary.

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