RAMELIUS RESOURCES LIMITED — Capital/Financing Update 2012

Feb 5, 2012

6 February 2012 For Immediate Release

Production Update

Highlights

• Higher mill throughput and gold grade for Wattle Dam

• Mt Magnet moving to full production

Ramelius Resources Limited (ASX: RMS) provides the following update on its operations in Western Australia.

Wattle Dam

Stoping in Block D has continued on budget during January and the Company now has approximately two months of ore available for milling on the Wattle Dam and Burbanks ROM pads.

Grade through the mill increased to 12.7 g/t during January, with higher throughput and estimated gold production for the month of 6,000 ounces. At the current gold price this represents an operating profit of approximately $6m for the month.

Mt Magnet

Mining continues to track on budget, with 500,000 BCM of material moved in each month of November, December and January. The treatment plant refurbishment was completed in late December, with commissioning activities commenced during January. A ramp up of milling to 24 hour operations has commenced and will be completed in the coming weeks, with full production expected in March 2012.

For further information contact:

Ian Gordon, Managing Director, 08 9202 1127

Duncan Gordon, Investor Relations, 0404 006 444