NEOMETALS LTD — Capital/Financing Update 2013

Dec 19, 2013

Level 1, 672 Murray St West Perth WA 6005

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----- Start of picture text ----- ABN 89 099 116 631----- End of picture text -----

Locked Bag 8 West Perth WA 6872 Tel: +61 8 9322 1182 Fax: +61 8 9321 0556

ASX RELEASE

20 December 2013

RDR’s available cash position boosted by $2.7 million

HIGHLIGHTS

• Reduction in performance bond to increase available cash by $2.7 million

Reed Resources Ltd (ASX: RDR) (“Reed”) announces that the Operator of the Dampier to Bunbury Pipeline has formally reduced the performance bond required under its Standard Shipper Contract. Barrambie Gas Pty Ltd, a wholly owned subsidiary of the Company, previously entered into a gas transmission agreement with DBNGP (WA) Transmission Pty Ltd for the Barrambie Project in 2009. As part of the agreement the Group was required to establish a restricted-use term deposit for $8.7 million as security for a bank guarantee, which represented the present value of the Group’s commitment under the agreement.

The reduction in the performance guarantee amount will release approximately $2.7 million previously held in restricted use term deposits as security for the performance bonds. The balance of the restricted use term deposit will be approximately $6 million.

ENDS

For further information please contact :

Chris Reed John Gardner/Rob Newton Reed Resources Ltd MAGNUS Investor Relations T: +61 8 6160 4900 T: +61 89322 1182 E: enquiries@reedresources.com

About Reed Resources

Reed Resources Ltd (ASX: RDR, OTC: RDRUY) is a Western Australian resource developer.

Reed Resources’ American Depositary Receipts (ADR’s) trade under the code RDRUY (CUSIP Number: 758254106). Each Reed Resources ADR is equivalent to 10 ordinary shares of Reed Resources as traded on the ASX. The Bank of New York Mellon is the depository bank.

Website: www.reedresources.com

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