POLARX LIMITED — M&A Activity 2014

Jan 27, 2014

COVENTRY RESOURCES

Suite 504 – 602 West Hastings Street Vancouver, BC V6B 1P2 Tel: 604-632-9915 Fax: 604-632-9925

For Immediate Release Vancouver, British Columbia TSX Venture Exchange: CYY Australian Securities Exchange: CYY

COVENTRY OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT

January 24, 2014

Coventry Resources Inc. (ASX: CYY; TSXV: CYY) announces that the final order for the plan of arrangement under section 288 of the Business Corporations Act (British Columbia) between Coventry, Chalice Gold Mines Limited, Western Rift Pty Ltd. and the shareholders of Coventry was obtained from the Supreme Court of British Columbia on January 24, 2014. A timetable for completion of the transaction is included in Annexure A.

THE BOARD OF DIRECTORS

OF COVENTRY RESOURCES INC.

STEVEN CHADWICK President and Chief Executive Officer Coventry Resources Inc.

For further information, please contact:

Steven Chadwick, President and CEO Coventry Resources Telephone (W): +61 8 9324 1266

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forwardlooking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Corporation's ongoing quarterly and annual reporting. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Annexure A – Timetable

Activity	Date
Announcement of results of Coventry’s shareholder meeting to	22 January 2014
approve the Arrangement.
Final court order obtained from the Supreme Court of British	24 January 2014
Columbia for approval of the Arrangement.
TSX-V issues bulletin announcing the effective date/distribution	29 January 2014
record date andpayment date.
Coventry CDI’s commence tradingex-distribution on ASX.	29 January2014
Coventryshares commence tradingex-distribution on TSX-V.	31January2014
Effective Date/Distribution Record Date	4 February2014
Payment Date of Chalice Shares to Coventryshareholders	7 February2014

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