NT MINERALS LIMITED — Capital/Financing Update 2011

Sep 29, 2011

ASX/MEDIA RELEASE

30 September 2011

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REDBANK SIGNS PRIVATE PLACEMENT AND COMMITTED EQUITY FACILITY AGREEMENTS

Redbank Copper Limited (ASX: RCP) is pleased to advise that it signed a Private Placement Agreement with Chimaera Capital Markets (Chimaera).

Under the terms of the Chimaera will be issued with Convertible Notes to a total amount of up to $2,250,000 (with a minimum being $1,500,000). The notes will have a maturity date of 12 months, and an interest rate of 0%. The notes are convertible, at Chimaera’s discretion, into fully paid shares in Redbank at either 130% of the 15 day VWAP before the date of execution of the Agreement; or 90% of the 15 day WVAP. Chimaera will also receive, for nil consideration 45,000,000 options, exercisable at 1.5 cents within 36 months and a fee equal to $120,000 payable in shares upon shareholder approval.

Redbank has also entered into a Committed Equity Facility Agreement with Chimaera. The total commitment under the facility is $10 million over 3 years.

The shares issued under the Facility will be issued at a price equal to 90% of the 15 day VWAP of the Company’s shares. A fee of 4% of the total commitment is payable to Empire Equity Limited (Empire) upon execution of the formal documentation. The fee is payable in cash or shares, at the discretion of Empire. A further 65,000,000 options exercisable at 1.5 cents within 36 months will be payable upon execution of the formal documentation.

Shareholder approval will be sought as and where required.

For more information:

Mr Bruce Morrin Managing Director Telephone: +61-8 6389 6400

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