SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2013

Sep 9, 2013

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Superior Resources Limited

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----- Start of picture text ----- ABN 72 112 844 407----- End of picture text -----

Registered Office: Level 2, 87 Wickham Terrace, Spring Hill, QUEENSLAND, 4000. Postal Address: PO Box 10288, Brisbane Adelaide Street, QUEENSLAND, 4000. Telephone: 07 3839 5099 Facsimile: 07 3832 5300 Email: manager@superiorresources.com.au

ASX RELEASE 10 September 2013

Rights Trading Commences (ASX : SPQR)

• ASX Code – “SPQR”

• Key dates:

o 9 September 2013 – rights trading commenced

• 24 September 2013 – rights trading ends

On 5 September 2013 Superior Resources Limited (ASX:SPQ) ( Company ) announced the undertaking of a renounceable rights issue ( Rights Issue ) of three (3) new shares for every two (2) existing shares held at the record date, at an issue price of 1.2 cents per new share ( New Shares ).

Eligible shareholders were allocated their rights on 9 September 2013.

Renounceable

The Rights Issue is renounceable. This means that the right to apply for New Shares ( Right ) under the Rights Issue can be traded on the ASX.

The ASX code for the Rights is “ SPQR ”.

Rights holders can trade their entitlements or purchase additional rights on the ASX.

Investors who are not otherwise eligible to participate in the Rights Issue, can participate by buying rights on the ASX.

The following options are available to Rights holders:

• take up their rights in full or in part;

• take up their rights in full and apply for additional New Shares;

• sell all or part of their rights on the ASX;

• purchase additional rights on the ASX; or

• do nothing, in which case their rights will lapse.

ASX Release – 10 September 2013 - Page 1 of 2

Superior Resources Limited

For further information relating to the trading of Rights, please contact your broker.

The Rights Issue – Key Information

• Issue price of 1.2 cents per New Share represents a 66% discount to the closing share price prior to the announcement of the Rights Issue.

• Maximum number of New Shares which may be issued by the Company: 124,658,933 fully paid ordinary shares.

• Maximum Raising: $1,495,907 (before expenses).

• Patersons Securities Limited has underwritten the Rights Issue to $1.1 million.

• A shortfall facility will be provided to Rights holders. The Company’s Directors have the right to place any remaining shortfall at their discretion within three months after the close of the Rights Issue.

• The Rights Issue is only available to shareholders who have a registered address in Australia or New Zealand.

• A Rights Issue Prospectus is available on the ASX website www.asx.com.au and also on the Company’s website (www.superiorresources.com.au).

For further information, please contact the undersigned.

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Peter Hwang Managing Director

Contact:

Mr Peter Hwang Ph: (07) 3839 5099

Further Information:

www.superiorresources.com.au manager@superiorresources.com.au

ASX Release – 10 September 2013 - Page 2 of 2