PEEL MINING LIMITED — Capital/Financing Update 2013

Jan 15, 2013

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16 January 2013

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

On 15 January 2013, Peel Mining Limited ( Company ) completed the issue by way of placement of 6,000,000 fully paid ordinary shares in the capital of the Company at a price of $0.315 to Acorn Capital Limited ( Shares ). The placement was previously announced on 9 January 2013.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

   • the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

section 674 of the Corporations Act; and

1. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

For Peel Mining Limited Rob Tyson

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Managing Director

Ph: +61 420 234 020 Email: rtyson@peelmining.com.au

Peel Mining Limited ACN 119 343 734

tel: (08) 9385 3955. fax (08) 9388 1025. email info@peelmining.com.au PO Box 849, West Perth WA 6872. Unit 1, 34 Kings Park Road, West Perth WA 6005 www.peelmining.com.au