MINERAL COMMODITIES LTD — Capital/Financing Update 2014

May 29, 2014

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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

30 May 2014

Company Announcements Office Australian Securities Exchange

MINERAL COMMODITIES LIMITED (MRC) SECURES US$4M SHORT TERM WORKING CAPITAL FACILITY

Mineral Commodities Limited (MRC) has obtained an unsecured Short Term Working Capital Facility of up to US$4 million from major Shareholders including the Executive Chairman to assist with Tormin project activities.

The economics of the Tormin Project remain robust, with strong demand for its concentrate products.

Due to timing differences in production and sales in the first Quarter, the Board considered provision of a working capital facility prudent to allow the Management to continue with, and accelerate the additional capital works programs which include, exploration replenishment drilling and study programs, as well as the Tormin processing plant optimisation.

The US$4,000,000 facility will be provided by AU Mining Limited and Regional Management Pty Ltd, a related entity of Mr Mark Caruso the Executive Chairman of the Company. Both lenders are major shareholders of the Company.

Pursuant to a Loan Agreement entered into between MRC and each of Regional Management Pty Ltd and AU Mining Ltd, the Lenders will provide finance of up to US$2,000,000 each on the following arm’s-length and commercial terms:

• Loan is unsecured

• Interest of 13% per annum

• Line fee of 1% and establishment fee of 1%

• Repayment to take place in three equal tranches on 31 January 2015, 28 February 2015 and 31 March 2015.

• Default interest of 10% if not repaid on repayment dates

• The Lenders have the right to demand that the Loan is repaid through an entitlement issue if not repaid on the repayments dates. The Lenders have the right to underwrite the entitlement issue at their election.

The Board acknowledges and is appreciative of the support of its major shareholders.

The decision to support the company financially is a clear endorsement of the commitment in the Company and the Tormin Project.

Yours Faithfully

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Peter Torre

Director / Company Secretary