ORE RESOURCES LIMITED — Capital/Financing Update 2014

Feb 18, 2014

19 February 2014

Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Endeavour Financial Appointment as Corporate Advisor

Auroch Minerals NL (ASX:AOU) (the Company ) is pleased to advise of the appointment of Endeavour Financial as the Company’s financial advisor in respect of financing the development of the 3Moz Manica Gold Project, Mozambique.

Endeavour Financial is an internationally renowned corporate advisor that has raised over $4 billion of debt for junior mining companies and closed M&A related financings valued at over $28 billion. Endeavour Financial has demonstrated strong capabilities on the African continent and will assist Auroch in structuring appropriate financing and strategic partnership arrangements in the lead up to the development and commencement of production at the Manica Gold Project.

Managing Director Dean Cunningham commented “The Endeavour team is globally positioned and well respected with a proven track in the mining and resources space. Endeavour’s market experience is sure to enhance the existing financial, technical and development skills within the Auroch Team.”

For further information visit www.aurochminerals.com or contact:

Auroch Minerals NL

Dean Cunningham - Managing Director

T: +27 824906429

E: dcunningham@aurochminerals.com

The information in this report that relates to Mineral Resources is based on information reviewed by Dr W.D. Northrop who is a consultant to ExplorMine and is appointed as Independent Geologist to Auroch Minerals NL project team. He is registered by the South African Council for Natural Scientific Professions as a Professional Natural Scientist in the field of practice of Geological Science, Registration Number 400164/87, and as such is considered to be a Competent Person. Dr Northrop has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Dr Northrop consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

About Auroch Minerals NL

Auroch Minerals NL (ASX:AOU) is developing the multi-million ounce Manica Gold Project, Mozambique. Auroch owns 100% of the Mining Concession which has a granted 25 year Mining Right and is the largest JORC Code compliant gold resource in Mozambique.

Manica Gold Project Sectors

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Historical Manica Gold Project Total Resource Table
Category	Project Sector	Cut-off Au (g/t)	Tons (000’)	Grade Au (g/t)	Total Au (oz)
Measured	Fair Bride*	0.5	11,561	1.73	642,000
Total Measured Resources			11,561	1.73	642,000
Indicated	Fair Bride*	0.5 < 300 m 1.0 > 300 m	10,795	1.64	570,000
	Guy Fawkes	1.25	2,150	2.44	170,000
Total Indicated Resources			12,945	1.77	740,000
Inferred	Fair Bride*	0.5	24,598	1.83	1,449,000
	Guy Fawkes	1.25	620	2.81	60,000
	Dot’s Luck	1.00	480	3.25	50,000
	Boa Esperanza*	1.25	330	2.94	30,000
Total Inferred Resources			26,028	1.89	1,589,000
Total Manica Gold Project Resource			50,534	1.83	2,971,000¹

1 Inclusive of the 1,025,904oz at 4.13g/t Au using a 3.0g/t cut-off

*This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported