TITANIUM SANDS LIMITED — Capital/Financing Update 2013

Mar 24, 2013

Level 26, 108 St Georges Terrace Perth WA 6000 GPO Box 2537 Perth WA 6001

$T + 61892141444$ +61892141400 E perth@fh.com.au www.ferrierhodgson.com

DGW CS: JS:D2 J Smith

22 March 2013

Windimurra Vanadium Limited (Subject to Deed Of Company Arrangement) (the Company) ACN 009 131 533

I refer to my announcements released on the Australian Securities Exchange (ASX) Announcements Platform on 17 May 2010, 24 December 2010, 28 March 2011, 2 August 2011, 28 December 2011, 2 April 2012, 15 June 2012, 29 August 2012 and 14 December 2012.

Extension of Reconstruction Deed

I advise that on 22 March 2013, the Deed Administrators have, as requested by Trident Capital Pty Ltd (Trident), extended the outstanding conditions precedent in the Reconstruction Deed from 31 March 2013 to 31 May 2013, to allow Trident further time to comply with certain conditions imposed by the ASX for the proposed reconstruction to proceed further.

For further information concerning the Company, you may wish to visit the Ferrier Hodgson website at www.ferrierhodgson.com.au.

Should you have any queries in relation to this matter, please do not hesitate to contact Caitlin Smith of this office.

Yours faithfully Windimurra Vanadium Limited

rvecina,

Darren Weaver Joint and Several Deed Administrator

wvl-asx announcement re extension of recon deed 2013.03.22 jsm

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