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VERITY RESOURCES LIMITED Capital/Financing Update 2012

Jan 29, 2012

66020_rns_2012-01-29_3cca4164-d452-4264-9b86-59f012563e3c.pdf

Capital/Financing Update

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MARKET RELEASE

30 January 2012

Botswna Metals Limited

TRADING HALT

The securities of Botswana Metals Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 1 February 2012 or when the announcement is released to the market.

Security Code:

BML

James Gerraty Manager, Listings (Melbourne)

ABN 96 122 995 073

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ASX Limited

Attention: James Gerraty

30 January 2012

REQUEST FOR TRADING HALT

Dear James

Botswana Metals Limited (“the Company”) (ASX Code BML) hereby requests a trading halt of its ordinary shares pending an announcement to be made by the Company in relation to a capital raising.

A formal announcement will be made within 48 hours of the granting of the trading halt in accordance with the ASX Market Rules.

Pursuant Listing Rule 17.1, the Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully,

Patrick Volpe Chairman

Botswana Metals Limited

www.botswanametals.com.au

REGISTERED OFFICE Suite 5, Level 1, 310 Whitehorse Rd, Balwyn, Vic, 3103, Australia Telephone +61 3 9830 7676 Facsimile +61 3 9836 3056 Email [email protected]