MOAB MINERALS LIMITED — Capital/Financing Update 2011

Aug 14, 2011

DELECTA LIMITED

ACN 009 147 924

Level 1

170-180 Buckhurst Street South Melbourne Victoria 3205

Phone: 61 3 9695 5858 Fax: 61 3 9686 0644

15 August 2011

The Manager Australian Stock Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir

FUNDING OF DALWAY ACQUISITION

The Company has been notified that the offer from Westpac Banking Corporation to fund the acquisition of Dalway Enterprises Pty Ltd, referred to in the announcement dated 24 May 2011, has been withdrawn.

Dalway Enterprises Pty Ltd is the registered owner of the property from which the Sydney based bordello, “Stiletto”, which the Company has entered into a contract to purchase, is operated.

The company is in the process of seeking alternative funding arrangements.

The market will be kept informed of future developments.

Yours faithfully

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John Burness Company Secretary