PATRONUS RESOURCES LIMITED — Capital/Financing Update 2014

Mar 13, 2014

==> picture [207 x 192] intentionally omitted <==

----- Start of picture text ----- ASX Code: KINExploration Update14 March 2014----- End of picture text -----

Board of Directors

Terry Grammer Chairman

Trevor Dixon Managing Director

Fritz Fitton Technical Director

Joe Graziano

Non-Executive Director & Company Secretary

Contact Details

Office

342 Scarborough Beach Road Osborne Park Western Australia 6017

Phone

08 9242 2227

Kin Mining NL (“Kin” or the “Company”) is pleased to announce that it has now completed a second round of exploration drilling since listing on the ASX in early October 2013. This comprised 13 Reverse Circulation (RC) holes across 5 different gold targets for a total of 1420 metres.

This second round of drilling tested several shallow targets within Kin’s Iron King Group Project (i.e. Blue Spec, Crystal Ridge and Reed's United). Follow up drilling was also carried out at the Eastern Gabbro Prospect within Kin’s Murrin Murrin project area and included the deepening of Kin’s previous drill hole MM13RC13 that returned a very high grade result of 1m @ 36 g/t gold at the end of the hole in strong quartz veining within highly sulphidic and carbonated gabbro between 87m and 88m (Kin ASX Announcement 14/01/2014). Within Kin’s Desdemona Project, a small exploration drilling programme was also carried out at the Pelican Prospect where the previous best historic RC drill intersection was 8 metres @ 22.8 g/t gold from 60m in Aircore hole HWA037 (refer to page 97 of Kin’s original Prospectus dated August 2012).

Fax

08 9242 1277

Email info@kinmining.com.au

Website

www.kinmining.com.au

Shares on Issue: 38,653,003 (KIN)

ASX: KIN

All 4 metre composite RC drill samples from the recently completed drilling campaign have now been dispatched to a Perth assay laboratory for gold and base metal analysis and results are expected to be received within the next few weeks.

Kin’s exploration team are now analysing and interpreting the newly released government Menzies North detailed aeromagnetic survey which covers most of its Desdemona project area (Figure 1). This will allow the Company to better refine its gold and magmatic nickel/copper/ PGE targets within its Desdemona leases particularly at the Mary Bore and Kingfisher Prospects.

KIN Mining NL ACN 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017 www.kinmining.com.au

Page 1 of 4

ASX Code: KIN

==> picture [525 x 613] intentionally omitted <==

Figure 1. New detailed Aeromagnetic Image covering KIN’s Desdemona Project, highlighting the Mary Bore Magnetic Complex.

KIN Mining NL ACN 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017

Page 2 of 4

www.kinmining.com.au

==> picture [143 x 63] intentionally omitted <==

----- Start of picture text ----- ASX Code: KIN----- End of picture text -----

The third round of exploration drilling will include initial testing of the Mary Bore Magnetic Complex utilising WA government co-funding drilling incentives granted to Kin Mining NL in mid 2013. It is anticipated that this third round of exploration drilling will commence within the next two months.

The Mary Bore target comprises a large, strong, ovoid shaped aeromagnetic anomaly under cover within the Desdemona project area that has never been drill tested and which may represent a layered maficultramafic intrusive complex with magmatic nickel-copper sulphide potential similar to Sirius Resources world class Nova/ Bollinger Ni/Cu deposit in the Fraser Range though of a different geological age.

Further rock chip sampling of several of Kin’s targets was also carried out during recent field work. In particular, this programme targeted the historic Coronation gold workings in the southeast of E40/283 where a very high recorded grade of 82 g/t gold was obtained from quartz float close to several historic shafts (WAMEX open file Report A28252, 1987). These rock chip samples (23 in total), have now been dispatched to an assay laboratory in Perth for multi-element geochemical analysis.

==> picture [525 x 348] intentionally omitted <==

Figure 2: Iron King Group project area showing new tenement applications

KIN Mining NL ACN 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017 www.kinmining.com.au

Page 3 of 4

==> picture [143 x 64] intentionally omitted <==

----- Start of picture text ----- ASX Code: KIN----- End of picture text -----

Kin Mining NL is also pleased to announce that four more exploration tenements have been applied for at their Iron King Group Project. If granted, the new leases will increase the total size of the Iron King Project by 75% since listing in October 2013 (refer Figure 2).

The additional three leases applied for to the south west of the original Iron King Project tenements cover the western strike extension of the E-W trending gold mineralised Iron King Shear Zone and the Blue Spec Fault. The northern tenement application (P37/8461) covers a parallel shear zone within ultramafic rocks prospective for nickel as well as gold.

Competent Person’s Statement

The information in this report that relates to mineral resources and exploration results is based on information compiled by Fritz Fitton who is a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Fritz Fitton is the Technical Director of Kin Mining NL and has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities which 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”. Fritz Fitton has given his consent to the inclusion in this report of the matters based on the information in the form and context in which it appears.

KIN Mining NL ACN 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017 www.kinmining.com.au

Page 4 of 4