ORBMINCO LIMITED — Capital/Financing Update 2013

Feb 17, 2013

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14th February 2013

ASX Release By e-lodgement

Pelican Resources exercises option to farm into San Marcos Gold project

The Directors of Australian-American Mining Corporation Limited (“ AusAmerican ” or “the Company ”) announce that Pelican Resources Limited (ASX: PEL) has exercised their option to enter into a “farm- in” and joint venture on the company’s San Marcos Gold project located in Arizona, USA.

For further information we refer readers to the announcement released today by PEL on their website; www.pelicanresources.com.au

Sincerely,

Jim Malone Chairman

About Australian American Mining Corporation

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

AusAmerican’s copper/gold projects are:

• Bluebell (option to purchase 100%) - Arizona

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

• San Marcos (100%) - Arizona

• Bernard (90%) - Arizona

AusAmerican’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

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

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AusAmerican’s REE/speciality metals projects:

• La Paz - Arizona.

• White Picacho – Arizona

ENDS

Further information contact; Richard Holmes Managing Director; Or

Jim Malone Chairman

+61 8 9481 0799 rholmes@ausamerican.com; or jim.malone@ausamerican.com

Australian American Mining Corporation Ltd ABN 99 073 155 781 572 Hay Street, Perth, WA 6000

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PO Box 1788, West Perth, WA, Australia, 6872