ORBMINCO LIMITED — Capital/Financing Update 2012

Aug 19, 2012

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ASX Announcement

20 August 2012

AusAmerican announces a private placement and share purchase plan.

Highlights

• Oversubscribed private placement of $318,000 made under 15% placement capacity

• Funds to be used for:

  • Option fee for the acquisition of the Arizona VMS copper/gold/silver projects and the completion of the acquisition of the New Mexico uranium projects

  • Funding of exploration and drilling programmes on the VMS and uranium projects

• Placement will be made to sophisticated investors being clients of Peloton Capital and DJ Carmichael

• Existing shareholders will be able to participate in a share purchase plan (“SPP”) at the same price as the placement. The company is seeking to finalise the underwriting of the SPP shortfall up to $1 million.

Australian-American Mining Corporation N.L (“AusAmerican” and/or “the company”) is pleased to announce that it has completed a placement to sophisticated investors of 10,613,861 shares at 3 cents to raise $318,415 before costs.

The company will also conduct a SPP on the same terms as the placement. Every AusAmerican shareholder on the record date of 5pm 17th August 2012 will be able to purchase up to $15,000 of securities on the same terms as the placement. The company is seeking to finalise the underwriting of the SPP shortfall up to $1 million. Further details will be provided once they are finalised.

Australian-American Mining Corporation NL ABN 99 073 155 781 Level 6, 5 Mill Street Perth, WA, 6000 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9481 0799 Facsimile: (08) 9481 1927

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The placement has been strongly supported among a range of sophisticated investors. The placement will be issued pursuant to section 708 of the Corporations Act.

Funds raised will be for the completion of the two transactions recently announced by the company being;

1. The Grants Ridge JV, Northern and Kit Carson uranium projects in New Mexico; and

2. Option to purchase the VMS copper/gold/silver projects in Arizona; and

to fund the planned exploration programmes for these projects including drilling at the VMS projects over the next 9-12 months.

About Australian American Mining Corporation (“AusAmerican”)

AusAmerican is an internationally focused exploration company. All of its projects are located in the United States of America (“USA”).

The company’s has an option to acquire 100% of two VMS copper/gold/silver projects located in Arizona in the USA. These are the Bluebell and De Soto projects. They also have two gold projects being the San Marcos (100%) and Bernard (90%) gold projects which are both located in the state of Arizona.

The company’s uranium projects are as follows;

• Rio Puerco (100%) - New Mexico

• Grants Ridge JV (earning 65%) - New Mexico

• Kit Carson (100%) - New Mexico

• Northern project (100%) - New Mexico

• Apex/Lowboy (100%) – Nevada

• Lone Star JV (90%) – Texas

• Apache Basin (100%) – Arizona

The company’s REE project is La Paz which is located in Arizona.

The company’s specialty metal (Lithium, rubidium, niobium and tantalum) project is the White Picacho project which is located in Arizona.

ENDS

Australian-American Mining Corporation NL ABN 99 073 155 781 Level 6, 5 Mill Street Perth, WA, 6000 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9481 0799 Facsimile: (08) 9481 1927

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Further information:

Please contact; Richard Holmes Managing Director +61 8 9481 0799 rholmes@ausamerican.com

Or

Jim Malone Executive Director jim.malone@ausamerican.com

Australian-American Mining Corporation NL ABN 99 073 155 781 Level 6, 5 Mill Street Perth, WA, 6000 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9481 0799 Facsimile: (08) 9481 1927