PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2010

Nov 29, 2010

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Level 7, 530 Lt Collins St Exchange Tower Melbourne 3000 p (03) 9909 7990 f (03) 9621 1460 w www.predictivediscovery.com

23 November 2010

REVISED USE OF FUNDS INFORMATION

Predictive Discovery Limited has raised $8 million from its capital raising rather than the minimum $6 million. Accordingly, the following Use of Funds statement provides an update to the information provided in the Predictive Discovery Limited Prospectus (page 12):

	$
Current cash(estimate)as at the date of the Prospectus	1,600,000
Funds raised from this Prospectus	8,000,000
Less offer expenses(estimate)	(580,000)
Total Funds	9,020,000

PD proposes to fund its intended activities, as outlined in the table below, from the proceeds of the Offer. It should be noted that budgets will be subject to modification on an ongoing basis depending on the results obtained from the exploration activities. This involves an ongoing assessment of each of PD’s projects and may lead to increased or decreased levels of expenditure on certain interests, reflecting a change in emphasis. Subject to the above, the following expenditure is proposed:

Use of Funds	Period ending	Period ending	Total
	30 June 2011	30 June 2012
	$	$	$
Bonsiega project	1,900,000	2,000,000	3,900,000
(Burkina Faso)
Boussouma permit	290,000	310,000	600,000
(Burkina Faso)
Benmaraproject(NT)	160,000	340,000	500,000
Skiptonproject(Vic)	200,000	200,000	400,000
Newprojectgeneration	150,000	150,000	300,000
Administration	450,000	800,000	1,250,000
Total use of Funds	3,150,000	3,800,000	6,950,000

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P A Roberts Managing Director