PEPPERMINT INNOVATION LIMITED — Capital/Financing Update 2011

Oct 9, 2011

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NON-RENOUNCEABLE RIGHTS ISSUE CLOSURE, ACCEPTANCES AND SHORTFALL

10[th] October 2011

Company Announcements ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

By Electronic Lodgement

NON-RENOUNCEABLE RIGHTS ISSUE – CLOSURE, ACCEPTANCES AND SHORTFALL

Chrysalis wishes to advise pursuant to the Offer document in respect of the recent NonRenounceable Rights Issue ( Rights Issue ), the Rights Issue closed on 6[th] October 2011.

Chrysalis advises that it has received entitlement acceptances in respect of the following fully paid ordinary shares:

Entitlement acceptance for shares: 14,061,177

The total funds received from the acceptances is $703,058.85.

The Board is currently considering the allocation of the 8,386,744 shortfall shares. As per the Rights Issue Offer document the Board reserves the right to allot the shares within the next three months from the closing date which will be the 6[th] January 2012.

Yours sincerely,

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Dr Neale Fong Executive Chairman

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Mel Cotterell Company Secretary

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----- Start of picture text ----- Chrysalis Resources Limited Company Snapshot Company Structure Board ManagementLevel 1 Listed on ASX 27 May 2008 No of Shares on Issue 44,895,801 Dr Neale Fong331 Hay Street Executive ChairmanSUBIACO WA 6008 ASX Share Code CYS No of Options on Issue 35,036,327Mr Adrian PaulPO Box 226, Wembley WA 6913 Sector Mining Cash (as at 31 [st] Aug 11) $0.19M Non-Executive DirectorPhone: 618 9380 4430 Mr Grant KidnerFax: 618 9481 5044 Non-Executive DirectorE: info@chrysalisresources.com.auwww.chrysalisresources.com.au Mel CotterellCompany Secretary----- End of picture text -----