ORBMINCO LIMITED — Capital/Financing Update 2012

Jul 8, 2012

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Australian-American Mining Corporation Limited ( Company )

ACN 073 155 781

We (the entity) give ASX the following information.

1. Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)		Ordinary fully paid shares (Ordinary Shares) Unlisted options over Ordinary Shares (Options) Convertible securities (Convertible Security)
		1,658,720 Ordinary Shares 300,000 Options AU$300,000 Convertible Security
		Ordinary Shares Ordinary Shares will rank pari passu with existing Ordinary Shares. Options The Options will be exercisable at AU$0.059 per Option into Ordinary Shares on or before 2 July 2015.

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted+securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration		Convertible Security  The amount of the Convertible Security is AU$300,000 (theAmount).  The Convertible Security does not bear interest and is unsecured.  On conversion, the Convertible Security shall convert into new Ordinary Shares of the Company determined by dividing the Amount to be converted by reference to the VWAP per Share during a specified period prior to the conversion date of the Convertible Security.  The Ordinary Shares issued upon conversion of the Convertible Security will rank pari passu with existing Ordinary Shares. The Convertible Security does not carry any voting rights at meetings of shareholders of the Company, and have no rights of participation in any rights issue undertaken by the Company prior to conversion of the Convertible Security.
		The Ordinary Shares rank pari passu with existing Ordinary Shares. The Options will not be quoted. On exercise of the Options, the Ordinary Shares issued will rank pari passu with existing Ordinary Shares. On conversion of the Convertible Security, the Ordinary Shares issued will rank pari passu with existing Ordinary Shares.
		408,720 Shares – in payment of the commencement fee of AU$15,000 1,250,000 Shares –$0.04 per share

Options are issued for nil consideration AU$300,000 Convertible Security

• 6 Purpose of the issue The Ordinary Shares and Options were (If issued as consideration for the issued to secure the Security Purchase acquisition of assets, clearly Agreement details of which were announced identify those assets) to the market on 29 February 2012.

The purpose of the issue is to provide funding to the company for working capital purposes.

• 7 Dates of entering +securities into uncertificated holdings or 5 July 2012 despatch of certificates

• Number +Class

• 8 Number and +class of all 77,425,741 Fully paid ordinary +securities quoted on ASX shares. ( including the securities in clause 2 if applicable) 35,355,250 Options with exercise prices of $0.50 and expiry date of 31 December 2012.

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 3

9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	1,600,000 61,729 37,037 55,556 60,000 600,000 9,000,000 300,000 26,000,000	Options exercisable at $0.231 on or before 15 September 2013. Options exercisable at $0.2105 on or before 6 October 2013. Options exercisable at $0.2105 on or before 13 October 2013. Options exercisable at $0.2105 on or before 20 October 2013. Options exercisable at $0.325 on or before 16 November 2013. Options exercisable at $0.0595 on or before 1 March 2015. Options exercisable at $0.09 on or before 1 March 2015 Options exercisable at $0.059 on or before 2ndJuly 2015 Performance Rights
	n/a

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval n/a required?

12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 5

25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell part of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a
	n/a

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a)[Securities described in Part 1 ]

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid,

employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought

39 Class of +securities for which quotation is sought

40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities?

If the additional securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

Number +Class 42 Number and +class of all +securities quoted on ASX ( including the securities in clause 38)

2. Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

  • Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ..................................................... Date: 6 July 2012 Jim Malone -Company Secretary

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 9