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RAMELIUS RESOURCES LIMITED Capital/Financing Update 2012

May 7, 2012

65718_rns_2012-05-07_bbccc85c-a619-4fd2-abf0-e7451a1582b5.pdf

Capital/Financing Update

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8 May 2012

Company Announcement

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ASX ANNOUNCEMENT

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$900,000 SALE OF COOGEE GOLD DEPOSIT COMPLETED

ASX CODE: TMX, TMXOA

CAPITAL STRUCTURE

TMX - Shares on Issue 346.53m TMXOA - Options on Issue 18.24m - Unlisted Options 73.18m

DIRECTORS & KEY MANAGEMENT

Dick Sandner Non-Exec Chairman Jonathan Lim Non-Exec Vice Chairman Alan Coles Managing Director Paul Dickson Non-Exec Director Ian Hobson Company Secretary

PRINCIPAL REGISTERED OFFICE

Terrain Minerals is pleased to announce receipt of $900,000 cash for the completion of a Tenement Acquisition Agreement for the sale of M26/477 to Ramelius Resources Limited (ASX:RMS) which contains the Coogee Gold Deposit, and the execution of a Mineral Rights Agreement granting exploration rights to RMS over Sub Blocks Q and R of E26/97.

This ensures Terrain Minerals is well funded to continue its exploration program at Aztec Dome and Black Cat.

Terrain Minerals Ltd ABN: 45 116 153 514

Suite 4, Level 1 230 Rokeby Road Subiaco 6008 Western Australia

Postal Address PO Box 1702 Subiaco WA 6904

CONTACT

On behalf of the Board:

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Alan Coles Managing Director

Alan Coles

Terrain Minerals Ltd

PH: +61 8 9381 5558 Fax: +61 8 9381 5551 WEB: www.terrainminerals.com.au EMAIL: [email protected]

Terrain Minerals Ltd ABN: 45 116 153 514

Contact

Telephone: +61 8 9381 5558 Facsimile: +61 8 9381 5551 Email:[email protected]

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