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PILBARA GOLD LIMITED Capital/Financing Update 2012

Mar 26, 2012

65554_rns_2012-03-26_f64ea5d1-b5f3-4705-a81c-38361e16bcdb.pdf

Capital/Financing Update

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COMPANY ANNOUNCEMENT

Acquisition Update

27 March 2012

Mining Projects Group Limited (ASX : MPJ) (“the Company”) announces it has now executed the definitive agreement with all vendors to acquire Delcarmen Energy Limited (“Delcarmen”). Delcarmen has filed two Exploration Permits for Coal applications (EPCA’s) north and east of Kingaroy (applications for EPC 2527 & EPC 2528), approximately 170kms west of Brisbane. The Company is in the process of finalising a Notice of Meeting which will be despatched shortly to shareholders seeking their approval for various share and option issues associated with this transaction.

The Company will continue to seek further opportunities to develop a prospective portfolio of coal projects.

For And On Behalf Of The Board

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Bryan Frost Chairman Mining Projects Group Limited

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