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TARUGA MINERALS LIMITED Capital/Financing Update 2012

Feb 2, 2012

65895_rns_2012-02-02_f538000f-6680-4308-acc4-921adce1d4c0.pdf

Capital/Financing Update

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STATEMENT OF RESTRICTED SECURITIES

RESTRICTED SHARES (TAR)

Shares Quantity
12 months from the date of issue, being 9 December 2011 7,300,000
24 months from the date of quotation 45,200,000

RESTRICTED OPTIONS (UNQUOTED)

Options (exercisable at \$0.20 each on or before 31 January 2016) Quantity
12 months from the date of issue, being 9 December 2011 1,000,000
24 months from the date of quotation 9,000,000
Blackwood Options (exercisable at \$0.20 each on or before the date which is
the fourth anniversary of the admission of Taruga Gold Limited to the
official list of the ASX)
Quantity
24 months from the date of quotation 5,000,000

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VIDEN WASHIM JUNEAU

63 Lindsay Street Perth Western Australia 6000

$P +61(8)94282980$

F +61 (8) 9428 2910

E [email protected]

tarugagold.com.au

ACN 153 868 789

where we