PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2014

Jan 28, 2014

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ASX Announcement 29[th] January 2014

Predictive Discovery Raises $1.065 million

Predictive Discovery Limited is a gold exploration company with strong technical capabilities focused on its advanced gold exploration projects in West Africa.

Predictive Discovery Limited (ASX: PDI) (‘PDI’ or ‘the Company’) is pleased to announce that it has completed a placement to sophisticated and professional investors of $1.065m via an issue of 66,600,000 ordinary shares at $0.016 per share.

The issue of shares falls within the Company’s issuing capacity under Listing Rule 7.1 and 7.1A. The directors will subscribe to (subject to shareholder approval) $85,000 in the Placement.

ASX: PDI

The Company is also pleased to offer eligible shareholders the opportunity to participate in a Share Purchase Plan (‘SPP’) to acquire shares at the same issue price of $0.016 per share.

Issued Capital: 301M shares

Share Price: 2.0 cents

The funds raised from the share placement and SPP will be used for exploration and general working capital purposes. It will enable PDI to continue exploration at its Burkina Faso and Cote D’Ivoire permits, and in particular the exciting Bongou Prospect in Eastern Burkina Faso.

Market Capitalisation: $6.0M

Cash (at 3st December 2013): $1.2M

The SPP Offer Booklet containing the Chairman’s letter and Terms and Conditions of the SPP will be dispatched to shareholders and announced by the Company on 3 February 2014.

Directors

Phillip Harman Non-Exec Chairman

Under the terms and conditions of the SPP, eligible shareholders on the Company’s register at 7.00pm (Sydney time) on 28 January 2014 with registered addresses in Australia or New Zealand have the opportunity to apply for up to $15,000 worth of ordinary fully paid shares without incurring brokerage or transaction costs. The SPP is being offered to Australian and New Zealand Shareholders at the issue price of $0.016 per share.

Paul Roberts Managing Director

Phil Henty Non-Executive Director c

Tim Markwell Non-Executive Director

The SPP opens on 3 February 2014, and closes at 5.00pm (Perth time) on 24 February 2014. Further details will be provided in the SPP Offer Booklet.

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