RTG Mining Inc. — Interim / Quarterly Report 2014

Oct 27, 2014

Level 2, 338 Barker Road Subiaco WA 6008 Phone: +61 8 6489 2900 www.rtgmining.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SEPTEMBER 2014 QUARTERLY REPORT

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE

29 OCTOBER 2014

HIGHLIGHTS

• Further 40m extension to the mineralized strike in the northerly direction, total strike of the Southern Mineralized Zone is now ~400m

• Drilling on the northern end of the Southern Mineralized Zone has confirmed a significant chalcocite copper mineralized zone

• Significant gold oxide mineralization is confirmed at shallow positions just starting from cover volcanics interface

• Summary of significant intercepts for the quarter

• Permitting documentation for proposed DSO Operation at Mabilo now lodged with government

Hole ID	Intercept width	Grade (g/t Au & % Cu)	Downhole Depth From
MDH-060	16.00m	2.84 g/t Au, 3.04% Cu	210m
MDH-066	64.00m	2.96 g/t Au, 7.91% Cu	37.8m
MDH-071	35.00m	2.79g/t Au, 4.47% Cu	31.0m
MDH-073	19.10m	2.18g/t Au, 26.16% Cu	38.95m

• Detailed metallurgical test work underway on Mabilo ore

• Remain on track for delivery of a maiden resource statement shortly

• Permit for exploration at Bunawan issued 2 months after completion of Sierra deal

• Cash and liquid assets as at 30 September of US$8.588M

MABILO PROJECT

Background

The Mabilo Project is located in Camarines Norte Province, Eastern Luzon, Philippines. It is comprised of one granted Exploration Permit (EP-014-2013-V) of approximately 498 ha and one Exploration Permit Application (EXPA-000188-V) of 2,820 ha. The Project area is relatively flat and is easily accessed by 15 km of allweather road from the highway at the nearby town of Labo.

Massive magnetite mineralisation containing significant copper and gold grades occurs as replacement bodies together with mineralized garnet skarn and calcsilicate altered rocks within a sequence of hornfelsed sediments of the Eocene aged Tumbaga Formation. The garnet and magnetite skarn rocks were extensively altered by argillic retrograde alteration and weathering prior to being covered by 25-60 metres of post mineralisation Quaternary volcaniclastics (tuff and lahar deposits) of the Mt Labo Volcanic Complex. The deposits are localised along the margins of a diorite stock which does not outcrop within the Exploration Permit.

The primary copper mineralisation (predominantly chalcopyrite with lesser bornite) occurs as disseminated blebs and aggregates interstitial to magnetite grains and in voids within the magnetite. A strong correlation between gold and copper values in the un-weathered magnetite skarn indicates the gold is hosted by the chalcopyrite. A late stage phase of sulphide mineralisation (predominantly pyrite) veins and locally brecciates the magnetite mineralisation.

==> picture [454 x 308] intentionally omitted <==

Figure 1. RTP ground magnetic image with modelled South, North and East magnetic bodies.

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In places the more shallow upper parts of the magnetite skarn bodies were weathered to form hematite skarn. Copper in the weathered zone was remobilised forming high-grade supergene copper zones (chalcocite and native copper) at the base of the weathering profile. The gold was more variable, remobilised throughout the hematite skarn and is domained within garnet skarn and calc-silicate altered country rocks in places. The average iron grade of the hematite skarn is consistent with the magnetite skarn.

Sierra discovered the mineralisation in 2012 during a reconnaissance drilling program targeted on magnetic anomalies from a ground magnetic survey conducted by a former explorer. Sierra subsequently conducted a new ground magnetic survey in early 2013, remodeled the data and commenced a second phase of drilling in mid 2013.

The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Drilling is ongoing and eighty one diamond drill holes have been completed at the end of the Quarter with further drilling ongoing.

South Body

Drilling focused on the South Mineralised Zone, further extending strike towards the north and defining limits to the oxide mineralisation and continuing to define down dip extents of the system. Drilling continues to validate and extend the geology model with identification of the shallow gold rich copper depleted zone from the overburden contact. The chalcocite copper zone at the northern end of the South Mineralised Zone was further extended with follow up drilling.

The magnetic modeled body is approximately 340 meters long. Recent drilling has extended the total strike length of the South Mineralized Zone to approximately 400 meters and remains open to the south and north.

==> picture [436 x 268] intentionally omitted <==

Figure 2. Magnetic model and isotropic copper grade shell model with magnetite skarn outlined, recently reported drill holes highlighted (yellow).

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A number of more recent drill holes pending analysis, have confirmed the mineral system extends down dip by more than 200 meters in the SW direction. With infill drilling targeting the area above the deepest intercept drilled to date MDH-046 (ASX release by Sierra Mining 13[th] May 2014). Additional infill drill holes targeting the oxide parts of the system are also awaiting assay.

Significant intersections returned from the South Mineralised Zone during the Quarter are summarized below and the hole locations are shown in (Figure 3). A full list of drilling undertaken during the quarter is reported in Appendix 1.

==> picture [486 x 335] intentionally omitted <==

Figure 3. RTP ground magnetic image with completed drill holes and ongoing drilling. Drill hole results during the September Quarter (yellow), drill hole results awaited (green), geotechnical drilling (blue), on-going drilling (red) and previously reported drill holes (black).

MDH-060

An inclined hole drilled to test the down dip extent of MDH-057 (Figure 4). Drilling intersected magnetite skarn from 182.10 meters to 235.20 meters. Higher grade intervals are characterised by coarse grained chalcopyrite inter-grown with magnetite weakly overprinted by silica pyrite. True thickness of magnetite skarn in this part of the system is approximately ~32 meters.

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MDH-060	From	To	Intercept (m)	Au (g/t)	Cu (%)	Ag (g/t)	Fe ( %)	Mineralisation
	135.80	141.00	5.20	3.49	3.44	13.1	19.35	Breccia Magnetite Skarn
and	181.00	232.00	51.00	1.63	1.90	19.0	41.35	Magnetite Skarn
including	182.10	188.00	5.90	1.48	2.08	25.7	25.81	Breccia Magnetite Skarn
and including	193.25	231.00	37.75	1.81	2.11	19.9	46.81	Magnetite Skarn
Including	210.00	226.00	16.00	2.84	3.04	22.4	45.89	Magnetite Skarn
Including	210.00	213.00	3.00	4.11	5.01	22.6	47.52	Magnetite Skarn
and	268.00	274.00	6.00	2.20	0.90	4.0	36.23	Garnet Magnetite Skarn

==> picture [420 x 396] intentionally omitted <==

Figure 4. Intercept MDH060 through magnetite skarn down dip of MDH057.

MDH065

MDH-065 is an inclined hole drilled to further test the down dip extent of MDH-053 (Figure 5). The drillhole intersected magnetite skarn from 179.35 meters to 217.00 meters. Mineralisation in this part of the system is characterised by coarse grained chalcopyrite intergrown with magnetite and breccias with weak silica pyrite overprint

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consistent with observations in MDH060. True thickness of magnetite skarn is this part of the system is approximately ~32 meters.

MDH-065	From	To	Intercept (m)	Au(g/t)	Cu (%)	Ag (g/t)	Fe (%)	Mineralisation
	169.00	208.00	39.00	1.46	1.75	22.0	36.47	Magnetite Skarn
including	185.00	205.00	20.00	1.96	2.84	37.0	43.24	Magnetite Skarn
and including	193.00	204.00	11.00	2.59	3.38	37.32	41.77	Magnetite Skarn
and including	187.00	190.45	3.45	1.34	2.55	43.17	44.63	Magnetite Skarn

==> picture [417 x 392] intentionally omitted <==

Figure 5. Intercept MDH065 through magnetite skarn down dip of MDH053.

MDH066 & MDH071

Two diamond drill holes on section were designed to follow up supergene mineralization first reported in MDH-029 (ASX release by Sierra Mining 3rd April 2014). Located approximately thirty meters northeast of MDH-029 and at the northern limit of the South Mineralized Zone beyond the magnetic model. The first drill hole MDH066 intersected an oxide gold rich zone from 37.80 meters to 56.00 meters followed by a massive chalcocite zone from 56.00 meters to 89.50m meters. The bottom of the interval is magnetite skarn from 89.50 meters 92.05 meters. A

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second drill hole MDH-071 successfully followed up the first drill hole with gold rich oxide zone from 31.00 meters to 59.30 meters and a massive chalcocite zone from 59.30 meters to 63.00 meters.

MDH-066	From	To	Intercept (m)	Au(g/t)	Cu (%)	Ag (g/t)	Fe (%)	Mineralisation
	37.80	102.00	64.20	2.96	7.91	16.0	44.57	Oxide Gold, Supergene Copper & Magnetite Skarn
including	37.80	56.00	18.20	5.20	0.42	13.75	40.36	Oxide Gold
including	56.00	89.50	33.50	2.35	14.20	21.6	50.39	Chalcocite Copper
including	89.50	102.00	12.50	1.21	1.61	3.0	30.66	Magnetite skarn
and	137.80	149.00	11.20	0.50	0.74	1.0	7.18	Garnet Skarn
MDH-071	From	To	Intercept (m)	Au(g/t)	Cu (%)	Ag (g/t)	Fe (%)	Mineralisation
							32.54	Oxide Gold & Chalcocite Copper
	31.00	66.00	35.00	2.79	4.47	14.3
including	38.00	59.30	21.30	3.26	0.50	16.6	35.76	Oxide Gold
including	59.30	63.00	3.70	1.03	36.82	6.7	17.21	Chalcocite Copper

==> picture [403 x 379] intentionally omitted <==

Figure 6. Section of MDH066 and MDH071 intersecting oxide supergene zone and massive chalcocite copper zone.

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MDH-067

An inclined drill hole designed to test the down dip extent and true thickness intersected in MDH040 (Figure 7) reported previously (ASX release by Sierra Mining 3rd April 2014). The drill hole intersected magnetite skarn from 138.00 meters to 178.40 meters with higher grade intervals characterised by coarse grained chalcopyrite inter-grown with magnetite. True thickness of the magnetite skarn is approximately 32 meters.

MDH-067	From	To	Intercept (m)	Au (g/t)	Cu (%)	Ag (g/t)	Fe (%)	Mineralisation
	151.00	174.00	23.00	2.30	1.76	4.58	47.43	Magnetite Skarn
including	155.00	164.63	9.63	4.12	3.24	6.13	57.82	Magnetite Skarn

==> picture [441 x 492] intentionally omitted <==

Figure 7. Intercept MDH067 through magnetite skarn down dip of MDH040.

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MDH073

An inclined hole located approximately twenty meters northwest of previously drilled MDH066 reported on (ASX release by RTG Mining 13th August 2014) and at the northern limit of the magnetic model. The drill hole (Figure 8) intersected an oxide gold rich zone at shallow depth from the Labo Volcanics overburden contact at down hole 38.95 meters to 55.60 meters followed by a massive chalcocite copper zone from 61.90 meters to 81.00 meters. The two intervals of gold oxide zone and chalcocite copper zone are separated by a narrow clay zone, with a combined down hole interval of 48.15 meters. True thickness has not been determined due to insufficient drilling on section.

MDH-073	From	To	Intercept (m)	Au (g/t)	Cu (%)	Ag (g/t)	Fe(%)	Mineralisation
	38.95	55.60	16.65	4.45	0.38	1.2	44.30	Gold Oxide Zone
and	61.90	81.00	19.10	2.18	26.16	9.2	28.44	Chalcocite Copper Zone
and	84.00	87.10	3.10	0.84	2.53	9.1	31.27	Magnetite Skarn
and	106.00	111.00	5.00	4.87	5.65	10.8	19.15	Garnet Magnetite Skarn

==> picture [390 x 413] intentionally omitted <==

Figure 8. Intercept MDH068 & MDH73 through oxide gold cap (oxide supergene zone) and massive chalcocite copper zone.

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Documentation was submitted late in the quarter to the local authorities to start the Oxide Mining permitting process.

Work continued towards the finalisation of the maiden geological resource which is due for release in early November.

Samples for metallurgical test work associated with the primary feasibility study were submitted to ALS Laboratories in Perth during the quarter. The samples will be used for Phase 1 analysis, with the results being used for process flow determinations. Further work also continued on environment, community and infrastructure.

OTHER PROJECTS

With the granting of the Exploration Permit for Bunawan in August, we have commenced implementation of a scout drilling program which will begin in the December Quarter. It is proposed to drill approximately 3,500m of diamond core as an initial reconnaissance program. By the end of the Quarter work had commenced on the drilling contract, a local geologist had been employed and work had started on preparing the drill pads.

CORPORATE

As at 30 September 2014, RTG had cash and liquid assets of US$8.588M (June quarter: US$10.68M). The Quarter was focused on the integration of Sierra Mining Limited (“Sierrra”), with the introduction of a new geologist, Mr Bob Ayres who has now reviewed all previous drilling activity at Mabilo and developed a strong structural understanding of the Mabilo ore body. The focus has also moved from an exploration to a development project, with an emphasis placed on progressing feasibility work to assist with the permitting process.

We have been working closely with the joint venture partner at the Mabilo Project and have made significant progress with both the preparation of an initial resource and permitting for the development of the Mabilo Project.

In parallel with these efforts, given our established network and credentials in country, we were able to secure the issue of the Bunawan exploration permit which Sierra had been working on for some period of time.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and Australian Securities Exchange Limited. RTG is focused on developing the high grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production.

RTG has an experienced management team (previously responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited), and has B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.

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ENQUIRIES

Australian Contact President & CEO – Justine Magee

Tel: +61 8 6489 2900 Fax: +61 8 6489 2920 Email: jmagee@rtgmining.com

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. Statement regarding interpretation of exploration results, plans for further exploration and accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forwardlooking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG’s expectations include uncertainties related to fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG’s mineral projects; the need to obtain additional financing to develop RTG’s mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG’s mineral projects and other risks and uncertainties disclosed under the heading “Risk Factors” in RTG’s Annual Information Form for the year ended 31 December 2013 and the Scheme Booklet dated 10 April 2014 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results at the Mabilo Project is based upon information prepared by or under the supervision of Robert Ayres BSc (Hons), who is a Qualified Person and a Competent Person. Mr Ayres is a member of the Australian Institute of Geoscientists and a full-time employee of Mt Labo Exploration and Development Company, a Philippine mining company, an associate company of RTG Mining Limited. Mr Ayres has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and to qualify as a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Ayres has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr. Ayres consents to the inclusion in the report of the matters based on his information in the form and the context in which it appears.

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Appendix 1: Location of Reported Drill Holes

HOLE ID	Location		Survey Coordinates(UTM WGS84)	Survey Coordinates(UTM WGS84)	Survey Coordinates(UTM WGS84)	Orientation True Nth	Orientation True Nth	Depth
	Prospect		East	North	RL	Dip	Azi	E.O.H (m)
MDH-60	South B	Geotechnical	476153	1559659	116	-70	50	297.60
MDH-61	South B	Geotechnical	476280	1559794	125	-60	230	164.40
MDH-62	South A	Geotechnical	475937	1560086	114	-60	135	118.80
MDH-63*	South B	Resource	476125	1559690	121	-70	50	142.10
MDH-64*	South B	Metallurgy	476099	1559730	114	-65	50	129.90
MDH-65	South B	Resource	476129	1559696	121	-70	50	262.70
MDH-66	South A	Metallurgy	476024	1559986	108	-60	50	171.90
MDH-67	South B	Metallurgy	476099	1559728	113	-65	50	196.90
MDH-68	South A	Resource	475975	1559988	114	-60	50	224.60
MDH-69	South A	Metallurgy	476046	1559849	110	-60	50	185.50	Assay Pending
MDH-70*	South A	Resource	476005	1560016	111	-60	50	70.80
MDH-71	South A	Resource	476038	1559998	108	-60	50	141.30
MDH-72	South A	Resource	476044	1559846	110	-74	50	275.30	Assay Pending
MDH-73	South A	Resource	476011	1560002	109	-60	50	124.50	Assay Pending
MDH-74	South A	Resource	476067	1559976	108	-60	50	114.80	Assay Pending
MDH-75	South B	Resource	476050	1559745	112	-65	50	303.70	Assay Pending
MDH-76	South A	Resource	476068	1559974	108	-60	90	83.00	Assay Pending
MDH-77	South B	Resource	476047	1559850	110	-45	50	139.60	Assay Pending
MDH-78	South A	Resource	476066	1559978	108	-60	185	261.80	Assay Pending
MDH-79*	South A	Resource	475998	1559846	116	-60	50	140.10
MDH-80	South A	Resource	476074	1559716	113	-65	50	304.00	Assay Pending
MDH-81	South A	Resource	476082	1559930	109	-65	50	174.40	Assay Pending
MDH-82	South A	Resource	476047	1559747	113	-60	50	277.65	Assay Pending
MDH-83	South A	Resource	476106	1559800	117	-60	50	200.60	Assay Pending
MDH-84	South A	Resource	475987	1560025	110	-60	50	226.30	Assay Pending
MDH-85	South A	Resource	475996	1559856	117	-60	50	in progress
MDH-86	South A	Resource	476069	1559829	111	-60	50	in progress
MDH-87	South A	Resource	476104	1559898	119	-75	50	in progress

• Abandoned drill holes failed to reach target depth, no significant mineralisation.

• Geotechnical Drill Hole MDH-062 reported no significant mineralization.

All co-ordinates in UTM-WGS84 (51 N) were surveyed using differential GPS (DGPS) system by McDonald Consultants Inc.

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Appendix 2: JORC Code 2012 Edition Table 1 Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling	The assay data reported herein
techniques	(e.g. cut channels, random chips,	is based on sampling of
	or specific specialised industry	diamond drill core of PQ and HQ
	standard measurement tools	diameter which was cut with a
	appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.  Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.  Aspects of the determination of mineralisation that are Material to the Public Report.	diamond core saw. Samples are generally of 1 metre length although occasionally slightly longer or shorter where changes in lithology, core size or core recovery required adjustments; samples are not more than 2 metres length. Half core samples were cut and sent for analysis by an independent ISO-certified laboratory (Intertek McPhar Laboratory) in Manila. Samples were crushed and pulverised
		(95% <75 ɥm). Gold was
		analysed by 50 gram fire assay
		and the other elements including
		copper and iron by ICP-MS
		(Inductively Coupled Plasma
		Mass Spectrometry) or ICP-OES
		(Inductively Coupled Plasma
		Optical Emission Spectrometry)
		following a four-acid digest.
		The length of each drill run is
		recorded and the recovery for
		each run calculated on site and
		checked again at the core shed.
		Certified reference standards and
		blank samples were submitted to
		assess the accuracy and
		precision of the results and every
		20th sample was sawn into two
		and the two quarter core samples
		submitted for analysis separately
		as a duplicate sample.
Drilling	 Drill type (e.g. core, reverse	Drilling was by PQ and HQ
techniques	circulation, open-hole hammer,	diameter, triple tube diamond
	rotary air blast, auger, Bangka,	coring. Down-hole surveying
	sonic, etc) and details (eg core	was completed with a Reflex
	diameter, triple or standard tube,	gyro down-hole instrument due
	depth of diamond tails, face- sampling bit or other type, whether	to the highly magnetic mineralisation. The core was not
	core is oriented and if so, by what	orientated
	_method, etc). _
Drill	 Method of recording and assessing	Core recovery is initially
sample	core and chip sample recoveries	measured on site by trained
recovery	and results assessed.	technicians and again in the

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Criteria	JORC Code explanation	Commentary
	 Measures taken to maximise	core shed by the core shed
	sample recovery and ensure	geologist. Any core loss is
	representative nature of the	measured, the percentage is
	samples.	calculated and both are
	 Whether a relationship exists	recorded in the geotechnical log
	between sample recovery and	for reference when assessing
	grade and whether sample bias may have occurred due to	assay results. In instances where core breaks off before the
	preferential loss/gain of fine/coarse material.	bottom of the hole leading to “apparent poor recovery”
		followed by a core run of >100%
		recovery, an adjustment is made
		in the records
		The majority of the
		mineralisation is in fresh rock
		where recoveries are greater
		than 90%. Most mineralisation
		occurs in wide intersections of
		massive magnetite skarn with
		relatively uniform copper and
		gold grades. Core loss occurs in
		fracture zones but is usually not
		a significant problem i.e. the
		core lost in fracture zones is
		unlikely to have been
		significantly higher or lower
		grade than the surrounding
		material. In the weathered
		hematitic oxidised zones some
		core loss is unavoidable, but
		overall recovery is generally
		>90% and the core loss is
		volumetrically minor in the
		mineralised zones. In areas of
		poor recovery, the sample
		intervals are arranged to
		coincide with drill runs, thus
		areas of different core loss
		percentage are specific to
		individual samples which can be
		assessed when interpreting
		analytical results and modelled
		in future resource estimation
		studies. Where an area of 100%
		core loss is identified the sample
		intervals are marked to each
		side of the zone and the zone is
		designated “No core” and
		assigned zero value in the
		various log sheets and
		geochemical database.
		All care is taken to ensure
		maximum recovery of diamond
		core and drillers are informed of
		the importance of core recovery.
		Any areas of poor core recovery
		are sampled separately thus

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Criteria	JORC Code explanation	Commentary
		assay results can be directly
		related to core recovery.
		There is no discernible
		relationship between core
		recovery and grade. The skarn
		bodies are relatively uniform
		over significant lengths and the
		copper and gold grades are not
		related to clay and fracture
		zones which are the main
		causes ofcoreloss.
Logging	 Whether core and chip samples	Diamond drill core for each entire
	have been geologically and	drill hole was logged in significant
	geotechnically logged to a level of	detail in a number of logging
	detail to support appropriate	sheets including a geological log,
	Mineral Resource estimation,	a structural log, a geotechnical
	mining studies and metallurgical studies.  Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.  The total length and percentage of the relevant intersections logged.	log and a magnetic susceptibility log for the entire drill hole. Mineralised and sampled intervals are logged individually in a separate quantitative mineral log with percentages of the different copper minerals being recorded. The logging is
		appropriate for mineral resource
		estimates and mining studies,
		neither of which are reported
		herein
		Most of the geological logging is
		a mixture of qualitative
		(descriptions of the various
		geological features) and
		quantitative (numbers and angles
		of veins and fracture zones,
		mineral percentages etc.). The
		quantitative mineralisation log
		and the magnetic susceptibility
		log are quantitative. Photographs
		are taken of all core (both wet
		and dry) prior to the core being
		cut.
		All core, including barren
		overburden is logged in the
		various logging sheets noted
		above apart from the quantitative
		mineralisation log in which only
		the mineralised intervals sent for
		geochemical analysis are logged
		ingreaterdetail.
Sub-	 If core, whether cut or sawn and	All sampling data reported is from
sampling	whether quarter, half or all core	diamond drill core. Samples are
techniques	taken.	of sawn half core except for
and	 If non-core, whether riffled, tube	duplicate samples which are
sample	sampled, rotary split, etc and	quarter core. Half core is bagged
preparation	whether sampled wet or dry.	and sent to an ISO-certified
	 For all sample types, the nature,	independent laboratory for
	quality and appropriateness of the samplepreparation technique.	analysis. The other half retained

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Criteria		JORC Code explanation	Commentary
		 Quality control procedures adopted	for reference and/or further
		for all sub-sampling stages to	testwork.
		maximise representivity of	All core samples were dried,
		samples.	crushed to 95% <10 mm and a
		 Measures taken to ensure that the	1.5 kg sub-sample is separated
		sampling is representative of the in	using a riffle splitter and
		situ material collected, including for instance results for field duplicate/second-half sampling.  Whether sample sizes are appropriate to the grain size of the material being sampled.	pulverised to 95% <75 μm. A 50 g sub-sample is utilised as a fire- assay charge for gold analysis. The sample preparation technique and sub-sampling is appropriate for the mineralisation.
			Blank samples and duplicate
			samples are submitted routinely
			to monitor the sampling and
			analytical process and to ensure
			that samples are representative
			of in situ material. One in every
			20 samples of half core is sawn
			again to produce two quarter
			core duplicate samples which are
			submitted to the laboratory
			separately with different sample
			numbers. A blank sample was
			inserted into sample batches
			every 20th samples.
			The magnetite skarn
			mineralisation occurs in
			extensive zones of magnetite
			skarn with disseminated
			chalcopyrite, containing gold. The
			sample size of approximately one
			metre core length is suitable in
			respect to the grain size of the
			mineralisation
Quality	of	 The nature, quality and	All core samples were analysed
assay data		appropriateness of the assaying	at an ISO-certified independent
and		and laboratory procedures used	laboratory. Gold was analysed by
laboratory		and whether the technique is	50 g fire assay and the other
tests		considered partial or total.	elements including copper and
		 For geophysical tools,	iron were analysed by ICP-MS or
		spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.  Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	ICP-OES following a four acid digest. The sample preparation and assay techniques used for the assay results reported herein are of international industry standard and can be considered total. No geophysical tools were used for any analysis reported herein. Magnetic susceptibility readings are used in magnetic modelling but are not used to estimate magnetite or Fe content. Quality control completed by
			RTG included analysis of
			standards, blanks, and

Page 16 of 30

Criteria	JORC Code explanation	Commentary
		duplicates. Commercial Certified
		Reference Materials (OREAS
		901, 503, 15d, 504, 503b, 502,
		501b, 401, 40, 22c, 15d & 112)
		were inserted into sample
		batches every 40th sample. A
		blank sample was inserted every
		20th sample; the blank sample
		material has been sourced and
		prepared from a local quarry.
		One in every 20 core samples is
		cut into 2 quarter core samples
		which were submitted
		independently with their own
		sample numbers. In addition,
		Intertek conducted their own
		extensive check sampling as part
		of their own internal QAQC
		processes which is reported in
		the assay sheets. A record of
		results from all duplicates, blanks
		and standards is maintained for
		ongoing QA/QC assessment.
		Examination of all the QAQC
		sample data indicates
		satisfactory performance of field
		sampling protocols and the assay
		laboratory.
Verification	 The verification of significant	The geochemical results reported
of	intersections by either independent	herein and the calculated
sampling	or alternative company personnel.	averages for different lithology
and	 The use of twinned holes.	types were checked and
assaying	 Documentation of primary data,	calculated by two company
	data entry procedures, data	personnel.
	verification, data storage (physical	No twinned holes have been
	and electronic) protocols.	drilled.
	 Discuss any adjustment to assay	Data documentation, verification
	data.	and storage is conducted in
		accordance with RTG’s Standard
		Operating Procedures Manual for
		the Mabilo Project. The diamond
		drill core is manually logged in
		significant detail in a number of
		separate excel template logging
		sheets including:
		1) a geological log of all core,
		recording mineralogy, lithology,
		alteration, degree of oxidation
		and mineralisation;
		2) a structural log of all core,
		recording alpha angles, structure
		and vein types and quantity and
		vein infill minerals;
		3) a geotechnical log of all core
		recording RQD, defects, fabrics;
		4) a quantitative mineralisation
		log ofall intervals sampled.

Page 17 of 30

Criteria	JORC Code explanation	Commentary
		5) a magnetic susceptibility log of
		all core;
		6) bulk density data for selected
		samples representing domains
		identified by the project geologist
		Logging is recorded manually on
		logging sheets and transcribed
		into protected Excel spreadsheet
		templates or entered directly into
		the Excel templates. The data
		are validated by both the Project
		Geologist and the company
		Database Manager and uploaded
		to the dedicated project database
		where they are merged with
		assay results reported digitally by
		the laboratory. Hard copies of all
		logging sheets are kept at the
		Project office in Daet.
		The results from the two quarter
		core duplicate samples are
		averaged before being entered
		into the geochemistry database
		and reported so that all
		geochemical data represents the
		results from half core samples.
		The assay results reported herein
		include averages of the duplicate
		samples. Samples with assay
		grades below detection level are
		assigned a value of half (50%)
		the lower detection level value
		when averaging intervals for
		reporting. No top cuts of assay
		data have been conducted in the
		resultsreported.
Location of	 Accuracy and quality of surveys	Drill-hole collars are initially
data points	used to locate drill holes (collar and	surveyed with a hand-held GPS
	down-hole surveys), trenches,	with an accuracy of
	mine workings and other locations	approximately +/- 5 metres.
	used in Mineral Resource	Completed holes are surveyed by
	estimation.	an independent qualified
	 Specification of the grid system used.  Quality and adequacy of topographic control.	surveyor on a periodic basis using standard differential GPS (DGPS) equipment achieving sub-decimetre accuracy in
		horizontal and vertical position.
		All of the holes reported herein
		have been surveyed with a
		handheld GPS with coordinates
		provided in Appendix 1. This
		survey will be superseded in due
		course by DGPS survey.
		Drill collars are surveyed in UTM
		WGS84 Zone 51N grid which is
		the grid for all project data.
		The Mabilo project area is

Page 18 of 30

Criteria	JORC Code explanation	Commentary
		relatively flat with total variation in
		topography less than fifteen (15)
		metres. Topographic control is
		provided byDGPS surveying.
Data	 Data spacing for reporting of	The results reported herein are
spacing	Exploration Results.	from drill holes with variable
and	 Whether the data spacing and	spacing but mostly on a nominal
distribution	distribution is sufficient to establish	grid with 20 metres between drill
	the degree of geological and grade	holes on 40 metre spaced lines.
	continuity appropriate for the	The drill holes are at variable
	Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	spacing designed to determine the continuity and extent of the mineralised skarn zones. Based
	 Whether sample compositing has	on statistical assessment of drill
	been applied.	results to date, the planned
		nominal 40 x 20 metre drill hole
		spacing is sufficient to support
		future resource estimation. No
		estimated grades or resource
		estimations are included in this
		report.
		No compositing of intervals in the
		fieldwas undertaken.
Orientation	 Whether the orientation of	The assay data reported is from
of data in	sampling achieves unbiased	large mineralised magnetite-
relation to	sampling of possible structures and	garnet skarn bodies. There is no
geological	the extent to which this is known,	indication that mineralisation
structure	considering the deposit type.	grade within the bodies is
	 If the relationship between the	affected by internal structures
	drilling orientation and the orientation of key mineralised structures is considered to have	that affect the grade distribution, thus the sampling reported herein is not biased. This is confirmed
	introduced a sampling bias, this should be assessed and reported if material.	by the similar results obtained from drill holes in multiple orientations.
		There is no bias in the sampling
		reported herein related to drill-
		hole orientation. Orientation of
		some drill-holes has resulted in
		apparent thickness greater than
		the true thickness. The
		orientation of all holes and the
		interpreted orientation of the
		mineralisation is discussed in the
		report.
Sample	 The measures taken to ensure	Chain of custody is managed by
security	sample security.	RTG employees. Core trays are
		kept at the drill site under
		constant watch by Company
		employees prior to being
		transported from the drill site by
		Company employees in a
		Company vehicle to the core
		shed where core is logged, sawn
		and prepared for dispatch.
		Remaining core is kept in the
		Company core yardwhich isina

Page 19 of 30

Criteria		JORC Code explanation	Commentary
			secure compound at the
			Company regional office in Daet
			town and guarded at night.
			Samples are sent directly from
			the core shed to the laboratory
			packed in secured and sealed
			plastic drums using either
			Company vehicles or a local
			transport company. A standard
			Chain of Custody form is signed
			by the driver responsible for
			transporting the samples upon
			receipt of samples at the core
			yard and is signed by an
			employee of the laboratory on
			receipt of the samples at the
			laboratory. Completed forms are
			returned to the Company for
			filing.
Audits	or	 The results of any audits or reviews	The sampling techniques and
reviews		of sampling techniques and data.	QA/QC data are reviewed on an
			ongoing basis by Company
			management and independent
			consultants.

Section 2 Reporting of Exploration Results

Criteria	Criteria	JORC Code explanation	Commentary
Mineral		 Type, reference name/number,	The Mabilo Project is covered by
tenement and		location and ownership including	Exploration Permit EP-014-2013-
land	tenure	agreements or material issues	V and Exploration Permit
status		with third parties such as joint	Application EXPA-000188-V.
		ventures, partnerships, overriding	Drilling activity the subject of this
		royalties, native title interests,	announcement is within EP-014-
		historical sites, wilderness or national park and environmental settings.  The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	2013-V which was granted in July 2013 for two years, with the option to renew for an additional 4 years. EP-014-2013-V was issued to Mt Labo Exploration and Development Corporation (“Mt Labo”), an associated entity of RTG Mining. There is a 1%
			royalty payable on net mining
			revenue received by Mt Labo in
			relation to EP-014-2013-V.
			Mt Labo has entered into a joint
			venture agreement with Galeo
			Equipment and Mining Company,
			Inc. (“Galeo”) to partner in
			exploring and developing the
			Mabilo and Nalesbitan Projects.
			Galeo can earn up to a 36%
			interest in the Projects, down to
			200 metres below surface, by
			contributing approximately
			US$4,250,000 of exploration
			drilling andmanagement services

Page 20 of 30

Criteria	JORC Code explanation	Commentary
		for the Projects over a 2 year
		period.
		In November 2013, Sierra Mining
		Limited (“Sierra”), a now wholly
		owned subsidiary of RTG, and
		Galeo signed a Memorandum of
		Understanding (“MOU”) setting
		out proposed changes to the joint
		venture agreement to remove the
		depth limit of 200 m from the
		agreement and provide for
		additional drilling of 5000 m below
		200 m. The MOU also provides
		for Galeo to be granted its 36%
		interest up front with the ability for
		RTG to claw-back any interest
		deemed not earned at the end of
		the claw-back period. The
		amendments to the JV
		Agreement are subject to Sierra
		shareholder approval.
		Sierra has also entered a second
		MOU with Galeo whereby Galeo
		can earn an additional 6%
		interest in the joint venture by
		mining the initial 1.5 Mt of waste
		at Mabilo or Nalesbitan and other
		requirements including assistance
		with permitting. The MOU is
		subject to a number of conditions
		precedent, including Sierra
		shareholder approval.
		There are no native title or
		Indigenous ancestral domains
		claims at Mabilo.
		The tenure over the area
		currently being explored at Mabilo
		is a granted Exploration Permit
		which is considered secure.
Exploration	 Acknowledgment and appraisal of	The only significant previous
done by other	exploration by other parties.	exploration over the Mabilo
parties		project area was a drilling
		program at another site within the
		tenement and a ground magnetic
		survey. RTG or its predecessor
		Sierra, has reported this data in
		previous reports to the ASX and
		used the ground magnetic survey
		as a basis for initial drill siting.
		Subsequently RTG conducted its
		own ground magnetic survey with
		closer spaced survey lines and
		reading intervals which
		supersedes the historical
		program. There was no known
		previous exploration in the area
		where the drillingreportedherein

Page 21 of 30

Criteria		JORC Code explanation	Commentary
			was conducted.
Geology		 Deposit type, geological setting	Mineralisation at Mabilo can be
		and style of mineralisation.	defined as a magnetite-copper-
			gold skarn which developed
			where the magnetite-copper-gold
			mineralisation replaced
			calcareous horizons in the
			Eocene age Tumbaga Formation
			in the contact zone of a Miocene
			dioriteintrusion.
Drill	hole	 A summary of all information	The sampling and geochemical
Information		material to the understanding of	information contained in this
		the exploration results including a	report is from the second phase
		tabulation of the following	of drilling at Mabilo which is
		information for all Material drill	ongoing. The easting, northing,
		holes: o easting and northing of the drill hole collar	elevation, dip, azimuth and end of hole depth of the holes reported herein is documented in a table
		o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length.  If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract	included as Appendix 1 to this report. Down hole depths and widths of intersections are documented in the text. The easting, northing, elevation and orientation for all holes drilled at the Mabilo project has been reported in this and previous reports to the ASX. All relevant data has been reported.
		from the understanding of the
		report, the Competent Person
		should clearly explain why this is
		the case.
Data		 In reporting Exploration Results,	Assays of samples of different
aggregation		weighting averaging techniques,	lengths are weighted for their
methods		maximum and/or minimum grade	length when averaging assays for
		truncations (e.g. cutting of high	the large intervals reported
		grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.  The assumptions used for any reporting of metal equivalent values should be clearly stated.	herein. Where any element in an interval reported is below detection level it is assigned a value of half (50%) of the lower detection level when averaging mineralised intervals for reporting. Intervals with no core recovery are assigned zero value when averaging results. No top or bottom cuts have been made to the assay data. Composite intervals have reported based on nominal cut-off grades of 0.5 g/t gold and 0.5% copper.
			The Mabilo skarn mineralisation
			is large with a relatively uniform
			grade. Higher or lower grade
			zones with the mineralised bodies
			arewiderthansampleintervals.

Page 22 of 30

Criteria		JORC Code explanation	Commentary
			The average grades reported
			herein are based on sample
			widths of average 1 metre width.
			Where an average grade contains
			a high grade intersection the high
			grade intersection has also been
			reported.
			No metal equivalent grades are
			reportedherein.
Relationship		 These relationships are	The holes reported herein have
between		particularly important in the	been drilled both vertically and
mineralisation		reporting of Exploration Results.	inclined. The orientation of the
widths	and	 If the geometry of the	mineralised bodies is based on
intercept		mineralisation with respect to the	interpretation of geology from drill
lengths		drill hole angle is known, its	holes supported by magnetic
		nature should be reported.	modelling which indicates that
		 If it is not known and only the	much of the mineralisation is
		down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole	dipping to the southwest. The interpreted orientation of the mineralised bodies is based on
		length, true width not known’).	magnetic modelling and drill-hole
			data and is documented in the
			report. The fact that the
			intersections are in a dipping
			body and therefore not true
			widths is reported and no
			intervals reported herein can be
			assumed to be a true width of the
			mineralisation.
Diagrams		 Appropriate maps and sections	Plan view maps showing
		(with scales) and tabulations of	locations of all holes reported
		intercepts should be included for	along with magnetic images are
		any significant discovery being	included in the report. The
		reported These should include,	interpreted geometry of the host
		but not be limited to a plan view of drill hole collar locations and	geology and the mineralised skarn bodies is illustrated in cross
		appropriate sectional views.	section.
Balanced		 Where comprehensive reporting	The report documents the assay
reporting		of all Exploration Results is not	results of intersections of the
		practicable, representative	mineralised magnetite skarn.
		reporting of both low and high	Low-grade sample results from
		grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	adjacent rocks outside the mineralised body are reported. Barren or very low grade results
			are not reported. Assays from drill
			holes which did not intersect
			mineralisation are not reported
			but their location is shown on
			plansinthereport.
Other		 Other exploration data, if	All meaningful exploration data
substantive		meaningful and material, should	concerning the Mabilo Project has
exploration		be reported including (but not	been reported either in previous
data		limited to): geological	reports to the ASX or in the
		observations; geophysical survey	current report to which this table
		results; geochemical survey	is attached.
		results; bulk samples – size and
		method of treatment; metallurgical

Page 23 of 30

Criteria	JORC Code explanation	Commentary
	test results; bulk density,
	groundwater, geotechnical and
	rock characteristics; potential
	deleterious or contaminating
	substances.
Further work	 The nature and scale of planned	The attached report is an interim
	further work (e.g. tests for lateral	report on an ongoing drilling
	extensions or depth extensions or	program which will systematically
	large-scale step-out drilling).	test magnetic bodies and step-out
	 Diagrams clearly highlighting the	targets along strike and between
	areas of possible extensions,	the North Mineralised Zone and
	including the main geological	the South Mineralised Zone as
	interpretations and future drilling areas, provided this information is	well as down-dip from these zones.
	not commercially sensitive.

Page 24 of 30

Rule 5.5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013 Name of entity RTG Mining Inc.

ABN 70 164 362 850

Quarter ended (“current quarter”) 30 September 2014

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration - business development - general 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows	Curent quarter $US	Year to date (nine months) $US
	- - - - (339,588) (761,583) - 4,013 - - -	- - - - (2,997,773) (1,173,444) - 28,124 - - -
	(1,097,158)	(4,143,093)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities associates 1.11 Loans repaid by other entities 1.12 Cash acquired from asset acquisition net of expenses_#_ Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (946) (765,052) (1,064,339)	- - (14,405) (1,408,722) 263,373
	(1,830,337)	(1,159,754)
	(2,927,495)	(5,302,847)
1.13 Total operating and investing cash flows (brought forward)	(2,927,495)	(5,302,847)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares	240 -	240 -

Page 25 of 30

1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Share issue costs# Net financing cash flows	- - 1,088,768	- - -
	1,089,008	**240 **
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date^ 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	(1,838,487) 7,234,480 (144,229)	(5,302,607) 10,877,848 (323,477)
	5,251,764	5,251,764

# June quarter statement of cash flows presented shares issue costs and cash acquired on merger with Sierra separately. During the current quarter these items were re-allocated to present them as being netted off for year to date presentation. ^ During the September quarter US$116,668 (YTD US$109,685) was reclassified from opening cash to receivables

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.10	Curent quarter $US
		165,481
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Payment of salaries

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

None

2.2	Details of outlays made by other entities to establish or increase their share in projects in
	which the reportingentityhas an interest
	The joint venture partner at the Mabilo Project is earning up to a 42% interest in the project
	bycontributingto exploration and drillingand management services.

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $US’000	Amount used $US’000
	-	-
	-	-

Page 26 of 30

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration: Business Development General	$US
	2,189,620
	466,973 546,005
Total	**3,202,598 **

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Curent quarter $US	Previous quarter $US
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other(provide details)	2,509,500	2,053,906
	2,742,264	5,180,574
Total: cash at end ofquarter(item 1.22)#	5,251,764	7,234,480^

#Cash and liquid assets includes cash at the end of the quarter plus receivables due to the Company including costs awarded under arbitration ($0.94M), consideration due as part of the Segilola share sale agreement($1.0M) and Deferred Heap Leach payment ($1.396M).

^ During the September quarter US$116,668 was reclassified from opening cash to receivables

Page 27 of 30

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	Tenement reference and location	Nature of interest (note (2))	Interest at beginnin g of quarter	Interest at end of quarter
			-	-
	Exploration Permit (“EP”) 033-XIII	RTG’s interest is held through its interest in its associate entity Bunawan Mining Corporation.	-	40%

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (see note3) (cents)	Amount paid up per security (see note3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities	111,973,237	111,973,237	n/a	n/a

Page 28 of 30

7.4 Changes during quarter (a) Increases through issues (b) Decreases through capital consolidation	256,000 167	256,000 167	CAD 0.94 CAD 1.50	CAD 0.94 CAD 1.50
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	8,784,687	8,784,687	Exercise price CAD 1.50	Expiry date 4 June 2017
	167	167	CAD 1.50	CAD 1.50
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: ............................................................. Date: 29 October 2014 (Company secretary) Print name: .......Ryan Gurner.......

Notes

1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity

Page 29 of 30

wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

Page 30 of 30