NEURIZER LTD — Capital/Financing Update 2013

Sep 29, 2013

30 September 2013

COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN SECURITIES EXCHANGE

ASX CODE MTN

MARATHON TARGETS CURNAMONA PROVINCE MINERALS PROJECT

• Marathon announces option to acquire 75% of prospective Walparuta Project near Broken Hill, Curnamona Province, S.A.

• Area is prospective for copper, gold & other base metals

• Airborne electromagnetic survey to be conducted in October 2013

• “Walk-up” drill targets ready for drilling as soon as regulatory approvals secured;

• Major explorers have conducted extensive surface sampling, mapping & MMI soil geochemistry;

Marathon Resources Limited (ASX: “MTN”) has secured agreement with SAEX Pty Ltd (“SAEX”) to farm-in tenements known as the Walparuta Project in the Curnamona Province in northern South Australia.

The agreement provides for Marathon to undertake immediate exploration work and a comprehensive airborne electromagnetic survey has been committed for late in October 2013.

Marathon and SAEX will seek approval to commence a drilling program and “walk-up” targets have already been identified at the project.

Under the terms of the agreement Marathon has the exclusive right to conduct the initial exploration program at its cost and direction, and may determine to proceed to commercialisation after completing assessment of the project. Marathon retains the right to cease exploration without further commitment should it decide that the project does not meet commercial criteria.

Dr Shad Linley, Marathon’s CEO said the Company was impressed with the quality of the previous exploration work undertaken on the Walparuta project, including Government surveys, and also by the thorough interpretive analysis completed by SAEX.

“The Walparuta project provides Marathon with the prospect of having a comprehensive analysis quickly, starting with the airborne EM survey next month,” he said.

“The project fits in with the Marathon strategy for shareholder growth and enables the Company to expand drilling operations in South Australia.”

Under the terms of the farm-in agreement with SAEX, Marathon will pay all exploration and development costs up to and including a Bankable Feasibility Study stage when it will acquire, at its option, a 75% interest in the tenement. SAEX will be free-carried to the BFS stage and will receive additionally $50,000 at that time. SAEX will then hold a 25% participating interest in the tenement subsequently.

Marathon proceeds with mineral sands projects

Earlier this year Marathon announced the acquisition of a portfolio of assets owned by Australian Desalinated Water Pty. Ltd. (“ADW”). Marathon has conducted preliminary exploration work on a number of those sites and is presently assessing the commerciality of those resources.

Marathon is pleased to announce that it has successfully completed Native Title clearance on one of the prospects - the Oakvale tenement - with the Wilyakali people. Approval will now be sought for a drilling program on this very prospective mineral sands opportunity.

The Oakvale tenement lies on the northern end of the Murray Basin and previous drilling confirmed the presence of course-grained rutile and zircon.

Subject to approvals, Marathon will commence a drilling program at Oakvale this year. The Company holds the exclusive right to proceed to the BFS stage or it may, alternatively, forgo further development without penalty.

Dr Linley said Marathon believes the Oakvale tenement, together with the one Victorian tenement in the ADW portfolio, offers growth prospects for the Company.

“With drill targets established and extensive prior exploration work, Marathon will be able to decide quickly on the continuing merit, or otherwise, of these prospects,” Dr Linley said.

“The Company has sufficient cash reserves to commit to all the planned exploration programs on hand,” he said.

MEDIA CONTACT :

Dr Shad Linley CEO Marathon Resources Limited (08) 8348 3500

John Field Managing Director Field Public Relations (08) 8234 9555 0418 819 527