ORA BANDA MINING LTD — Capital/Financing Update 2016

Jan 13, 2016

ASX ANNOUNCEMENT

14 JANUARY 2016

==> picture [93 x 94] intentionally omitted <==

EXTENSION OF PROSPECTUS OFFER

Eastern Goldfields Limited ( Eastern Goldfields or the Company ) (ASX:EGS) advises that the Closing Date of the Offer pursuant to the Prospectus dated 24 December 2015, has been extended. The Offer will now close at 5.00pm AWST on Monday, 1 February 2016.

A revised indicative timetable in relation to the Offer is as follows:

Event

Lodgement of Prospectus with the ASIC – 24 December 2015

Closing Date – 1 February 2016

Expected allotment of Shares under the Offer – 11 February 2016

Expected date for despatch of holding statements for Shares under the Offer – 13 February 2016

Expected Official Quotation of Shares on ASX – 9 March 2016

For further information please contact:

Michael Fotios Executive Chairman T: +61 8 6241 1888 E: michael@deltaman.com.au

Michael Jardine General Manager Corporate & Investor Relations T: +61 424 615047

E: michael.jardine@deltaman.com.au

- 1 -