RED METAL LIMITED — Capital/Financing Update 2012

Jun 25, 2012

Level 15, 323 Castlereagh Street , Sydney NSW 2000 Phone [61-2] 9281 1805 Fax [61-2] 9281 5747

ACN 103 367 684

26 June 2012

The Manager ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000

Dear Sir

Non-Renounceable Entitlement Offer

Red Metal Limited confirms the despatch of a prospectus to eligible shareholders for the NonRenounceable Entitlement Offer referred to in the Company’s announcement dated 12 June 2012.

The Company advises that the revised timetable for the Offer is as follows:

Despatch of Prospectus and Opening Date	26 June 2012
Closing Date	10 July 2012
Securities quoted on a deferred settlement basis	11 July 2012
Notify ASX of under-subscriptions	13 July 2012
Allotment of Shares and despatch of holding statements	18 July 2012

Yours faithfully

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Patrick Flint

Company Secretary