VENARI MINERALS NL — Capital/Financing Update 2012

Oct 30, 2012

Expiry of Listed Options

The Company advises that in relation to the 319, 163,313 listed options (AROOB) exercisable at $0.05 (5 cents) which are due to expire on 30 November 2012, that the ASX Limited has granted the Company with a waiver of Listing Rule 6.24, and therefore will not be issuing Option expiry notices to AROOB Option holders .

As required by ASX Listing Rule 6.24, The Company provides the following information:

• Each AROOB Option will automatically lapse if not exercised on or before 5:00pm Melbourne time on 30 November 2012 (“the Expiry Date”)

• The conversion or exercise price is $0.05 (5 cents)

• Quotation of the Options will end on 23 November 2012

• The latest available market price of the underlying securities is $0.002

• There are no relating underwriting agreements.

• The highest and lowest market price of in respect of all quoted securities during the 3 months immediately before the notice is issued, and the dates of those sales are:

	ARO Shares	AROOB Options	AROOA Options
		Expiry: 30 November	Expiry: 30 June 2014
		2012
Highest	$0.003(0.3 Cents) 27-Apr-12	$0.001(0.1 Cent)	$0.001(0.1 Cent)
Lowest	$0.001(0.1 Cent) 02-Oct-12	$0.001(0.1 Cent)	$0.001(0.1 Cent)
		No change.	No change.

ENDS

For enquiries, please contact:

Robert Hyndes

Executive Director P: +61 8 6389 5777

John Nayton Media Contact P: +61 4 2241 4983

a : ground floor, 3 richardson st west perth wa 6005 w : www.aro.com.au

p : p.o. box 1728 west perth 6872 e : admin@aro.com.au

ph : +61 8 6389 5777 fx : +61 8 9486 1258 asx : aro