ORBMINCO LIMITED — Capital/Financing Update 2013

Sep 25, 2013

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26[th] September 2013

ASX Release, By e-lodgment

Ore Purchase Agreement for Victoria Mine

• Letter of Intent from major copper producer to purchase Victoria Mine ore

• Enables low cost development of Victoria mine

• Allows rapid commencement of mining and revenue generation

• Finalised agreement expected in the near future

Australian-American Mining Corporation Limited (“AusAmerican” or “the company”) is pleased to announce that the company’s joint venture partner has received a Letter of Intent from KGHM International Ltd to purchase ore from the Victoria Copper Mine. KGHM, one of the world’s largest copper and silver producers, is the owner of the Robinson Copper Mine located in Nevada.

The Letter of Intent indicates that KGHM wishes to purchase a minimum of 1,000 tonnes a day of ore from the Victoria Mine. This approach to ore sales is consistent with AusAmerican’s strategy of taking the most cost effective, rapid path to commencement of mining and revenue generation coupled with an approach to project finance that minimises dilution for shareholders.

Final purchase terms are expected to be resolved in the near future.

Please refer to ASX announcement dated 9[th] September 2013 for a detailed overview of the project.

ENDS

For further information, please contact: Richard Holmes Managing Director +61 8 9481 0799

rholmes@ausamerican.com

Australian American Mining Corporation Ltd ABN 99 073 155 781 572 Hay Street, Perth, WA, Australia, 6000 PO Box 1788, West Perth, WA, Australia, 6872

Telephone: (08) 9481 0799 Facsimile: (08) 9481 1927

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About Australian American Mining Corporation

AusAmerican Mining is a multi-commodity international exploration company. All of its projects are currently located in the United States of America (“USA”).

The company’s copper/gold projects are:

• Victoria Mine (option to purchase 50%) -Nevada

• Bluebell (option to purchase 100%) - Arizona

• De Soto (option to purchase 100%) - Arizona

• San Marcos (100%, Pelican Resources earning up to 100%) - Arizona

The company’s uranium projects are:

• 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/speciality metals projects:

• La Paz - Arizona.

Australian American Mining Corporation Ltd ABN 99 073 155 781 572 Hay Street, Perth, WA, Australia, 6000 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9481 0799 Facsimile: (08) 9481 1927