ORE RESOURCES LIMITED — Capital/Financing Update 2015

Feb 12, 2015

13 February 2015

Market Announcements Platform Australian Securities Exchange Level 4 Exchange Centre 20 Bridge Street Sydney NSW 2000

Grant of ASX Waiver

Auroch Minerals NL ( Auroch or the Company ) advises that ASX Limited has granted Auroch a waiver from listing rule 14.7 to the extent necessary to permit the Company to issue up to 6,538,462 shares ( Shares ) and 6,538,462 options exercisable at $0.15 each on or before 31 December 2016 ( Options ) later than 3 months after the date of the shareholders’ meeting at which the issue of the Shares and Options was approved to be made to Republic Gold Limited, on the following conditions:

• For any annual reporting period during which any of the Shares and Options have been issued or remain to be issued, the Company's annual report must set out in detail the number of Shares and Options issued in that annual reporting period, and the number of Shares and Options that remain to be issued, and the basis on which those Shares and Options may be issued.

• For any half year or quarter during which any of the Shares and Options have been issued or remain to be issued, the Company's interim report and quarterly activities must include a summary statement of the number of Shares and Options issued during the reporting period, and the number of Shares and Options that remain to be issued, and the basis on which those Shares and Options may be issued.

• The Shares and Options must be issued by no later than 30 June 2015 and otherwise on the same conditions as approved by shareholders on 28 November 2014.

• The Company releases the terms of the waiver to the market immediately.

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

Matthew Foy Auroch Minerals NL T: +61 8 9486 4036