RENASCOR RESOURCES LIMITED — Capital/Financing Update 2014

Jun 1, 2014

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ASX Announcement

2 June 2014

SHARE PURCHASE PLAN CLOSED

Renascor Resources Limited (“Renascor”) (ASX: RNU) is pleased to announce that it has received applications under its Share Purchase Plan (“SPP”), which closed on 27 May 2014, for a total of 9,910,000 shares raising $495,500. Renascor has instructed its share registry to allot and issue the SPP shares. The dispatch of holding statements for the SPP shares is expected to occur on Tuesday, 3 June 2014.

Renascor has raised a total of $1,080,000 under the SPP and the recently announced placement of $584,500 to professional and sophisticated investors. Renascor intends to use these funds for drilling and other exploration activities at its Eastern Eyre project in South Australia’s Olympic Dam copper belt.

Renascor Managing Director David Christensen commented: “We greatly appreciate the support shown by our existing shareholders under the SPP. The funds raised will be instrumental in helping us to accelerate drilling and other exploration work in the Eastern Eyre in the coming months”.

Background information

Renascor Resources is an Australian-based company focused on the discovery and development of economically viable deposits containing copper, gold, uranium and associated minerals. Renascor has an extensive tenement portfolio, holding interests in multiple projects in key mineral provinces of South Australia and the Northern Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr David Christensen

Managing Director

Mr Angelo Gaudio

Company Secretary

+61 8 8363 6989 info@renascor.com.au

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: info@renascor.com.au

ASX code: RNU www.renascor.com.au

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