TALONX RESOURCES LIMITED — Capital/Financing Update 2012

Jul 4, 2012

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5 July 2012

The Directors of Mount Burgess Mining NL are pleased to announce that the Company has an agreement in place with Capital 19 to issue 86,000,000 ordinary shares at 0.3 of 1 cent to professional and institutional investors.

This capital raising of $258,000 has been made under the Company’s 15% placement capacity and the funds raised will be applied to working capital and further development of its Kihabe Zinc/Lead/Silver project in Botswana.

In due course the Company will lodge an Appendix 3B for listing of the placement shares together with a Section 708A(5)(e) Notice."

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