ORBMINCO LIMITED — Capital/Financing Update 2012

Feb 28, 2012

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29 February 2012

Company Announcements Office Australian Securities Exchange

Notice under Section 708A(5)(e) Corporations Act

On 29 February 2012, Australian-American Mining Corporation Limited ABN 99 073 155 781 ("the Company") issued 536,308 fully paid ordinary shares and 600,000 unlisted options exercisable at $0.0595 expiring 1 March 2015 in accordance with the terms of its Security Purchase Agreement with The Australian Special Opportunity Fund LP, which was announced to the market on 29 February 2012.

Accordingly the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

1. the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M Corporations Act as they apply to the Company; and

   • (b) section 674 Corporations Act; and

3. As at the date of this notice there is no "excluded information" (as defined in subsection 708A (7) of the Corporations Act) which is required to be disclosed by the Company.

Yours faithfully

Australian-American Mining Corporation Limited ABN 99 073 155 781

Jim Malone Executive Chairman

Australian-American Mining Corporation Limited ABN 99 073 155 781 572 Hay Street, Perth, WA, Australia, 6000 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9325 5568 Facsimile: (08) 9325 5574