MOTIO LTD — Capital/Financing Update 2013

Sep 29, 2013

==> picture [595 x 177] intentionally omitted <==

30 September 2013

Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Shareholder,

NOTICE TO SHAREHOLDERS OF PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

Overview

We write to you as the registered holder of White Eagle Resources Ltd ( White Eagle or the Company ) shares as at today’s date.

As advised in the Company’s ASX announcement dated 27 September 2013 and as detailed in the prospectus lodged by the Company with ASIC and ASX on 27 September 2013, White Eagle is undertaking a non-renounceable pro-rata rights issue to Eligible Shareholders of ordinary fully paid shares in the Company ( Shares ) at an issue price of $0.005 per Share on the basis of one Share for every Share held at the Record Date ( Rights Issue or Offer ).

A prospectus in relation to the Offer was lodged with ASIC and ASX on 27 September 2013 ( Prospectus ) and is available on the Company’s ASX platform at the ASX website (www.asx.com.au). The Record Date to determine entitlements for Eligible Shareholders is 9 October 2013 ( Record Date ). Eligible Shareholders are those persons who are registered as a holder of Shares as at 5.00pm (AWST) on the Record Date.

White Eagle currently has 211,564,200 Shares on issue. As such, the Rights Issue will result in the issue of a maximum of 211,564,200 new Shares to raise a maximum of approximately $1,057,821 before the costs of the offer.

In the event that not all Eligible Shareholders accept their full entitlement pursuant to the Offer, Eligible Shareholders who accept their full entitlement may apply for a number of shortfall shares in priority to any subsequent placement of shortfall.

The Rights Issue will enable Shareholders to increase their holding of Shares and to participate in the future development of the Company. The Directors have indicated that

==> picture [595 x 54] intentionally omitted <==

they intend to participate in some or all of their entitlement under the Rights Issue and are pleased to present this opportunity to Shareholders.

Shareholders may view the Company's ASX releases at www.asx.com.au (ASX code: WEG) and extensive information on the Company and its projects at: www.whiteeagleresources.com.au

The Company does not currently have a dividend policy, and no dividends have been paid by the Company since it was listed on ASX. No Shareholder approval is required for the Offer.

Use of Proceeds and Timetable

The funds raised under this Offer will facilitate the reinstatement of the Company’s securities to trading on the ASX and position the Company to seek to achieve its objectives.

The Company’s main objectives are:

• a) completion of the Tenement Acquisition;

• b) achieve reinstatement to trading of its Shares on the Official List of the ASX;

• c) exploration and appraisal of the Tenements; and

• d) assessment and, if appropriate, acquisition of additional projects that are considered by the Board to add value to the Company.

The Rights Issue is proposed to be conducted according to the following indicative timetable:

timetable:
Dispatch Notice of Meeting seeking approval of the TenementAcquisition	30 August 2013
General Meeting to approve Tenement Acquisition	27 September 2013
Lodgement of Capital Raising Prospectus with ASIC	27 September 2013
Lodgement of Appendix 3B with ASX	27 September 2013
Notice sent to Shareholders	30 September 2013
Completion of the Tenement Acquisition	1 October 2013
Ex date	2 October 2013
Record Date for determining Entitlements	9 October 2013
Dispatch of Capital Raising Prospectus	11 October 2013
Closing Date of Offer under the Capital Raising Prospectus	25 October 2013
Securities quoted on a deferred settlement basis	28 October 2013
ASX notified of under subscriptions	29 October 2013
Dispatch of holding statements	1 November 2013
Quotation of Shares issued under the Capital Raising Prospectus	4 November 2013
Anticipated date the suspension of trading is lifted and WhiteEagle’s securities commence trading again on ASX	4 November 2013

==> picture [595 x 54] intentionally omitted <==

All of the abovementioned dates are indicative only and may be subject to change. The Company reserves the right to amend this timetable including, subject to the Corporations Act 2001 and the ASX Listing Rules, to extend the closing date.

A copy of the Prospectus and an Entitlement and Acceptance Form will be sent to Eligible Shareholders on 11 October 2013.

You are encouraged to read the Prospectus lodged with the ASX on 27 September 2013 in full before making a decision in respect of the Offer. If you wish to participate in the Offer, you should follow the directions in the Entitlement and Acceptance Form and section 5.4 of the Prospectus. The anticipated closing date of the Offer is Friday, 25 October 2013. This letter is to inform you of the Offer. You are not required to do anything in respect to this letter.

The directors of White Eagle recommend that if you are in doubt as to the value of the Offer then you should contact your financial advisor.

For further information on the Offer:

• (a) see the Company’s Prospectus lodged with ASIC and ASX on 27 September 2013, and available at www.asx.com.au; or

• (b) contact the Company on +61 8 9486 4036.

Yours faithfully,

Matthew Foy Company Secretary White Eagle Resources Ltd

==> picture [595 x 54] intentionally omitted <==