ORBMINCO LIMITED — Capital/Financing Update 2013

Feb 4, 2013

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5 February, 2013

ASX Release, By e-lodgement

Capital raising completed

• Raising of $905,000 made under rule 7.1 and rule 7.1A placement capacity

• Raising completed at 4.2 cents per share

• Funds to be used for continued funding of exploration and drilling programmes on the company’s Bluebell and De Soto VMS copper/gold/silver projects located in Arizona

• Initial placement completed and managed by Peloton Capital and will be made to clients of Peloton Capital and DJ Carmichael

• Initial raising part of a two part capital raising. The initial placement raises $905,000 immediately. The next proposed raising will be subject to shareholder approval and will be a “best endeavours” raising , to place up to 60 million shares on terms no less favourable to the terms of Tranche 1.

• The successful completion of both capital raisings will fund the company for the rest of 2013 and will enable the company to progress the two VMS projects

Australian-American Mining Corporation Limited (“AusAmerican” and/or “the company”) is pleased to announce that it has completed a placement to sophisticated investors of 21,558,533 shares at 4.2 cents per share to raise $905,000 before costs.

Funds raised will be used to further advance the company’s Bluebell and De Soto VMS copper/ gold/ silver projects located in Arizona, USA. The company is currently in the process of completing an initial 5,000m Reverse circulation (“RC”) drilling program on the Bluebell project.

The initial placement was managed and completed by Peloton Capital. The placement, which was made to clients of Peloton and DJ Carmichael who are exempt investors for the purposes of section 708 of the Corporations ACT 2001 (Cth), was completed at 4.2 cents per share and will also include one free option for every two shares subscribed for. The issue of

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

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these attaching options is subject to shareholder approval at a General Meeting of the company which will be held in March 2013. The options will initially be unlisted, however following the general meeting the company will apply to the ASX to have the options quoted.

At the general meeting the company will also seek approval for a further placement of up to 60,000,000 ordinary shares (Raising 2) on terms no less favourable than the initial raising, which is 4.2 cents per share with one attaching free option for every two shares subscribed for.

If the two raisings are successfully completed, the company will be funded sufficiently to advance its projects throughout the 2013 calendar year. The planned work includes two further drilling programs, airborne geophysics, a maiden resource at Bluebell as well as paying the first instalment of the option fee to purchase 100% of the two projects.

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

AusAmerican’s REE/speciality metals projects:

• La Paz - Arizona.

• White Picacho – Arizona

ENDS

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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Further information contact; Richard Holmes Managing Director; Or Jim Malone Chairman +61 8 9481 0799

rholmes@ausamerican.com; or jim.malone@ausamerican.com

For information on the placement please contact; Geoff Barnes Director Peloton Capital +61 2 8651 7801

Sincerely,

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Jim Malone Chairman

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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