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VERITY RESOURCES LIMITED Capital/Financing Update 2014

Mar 30, 2014

66020_rns_2014-03-30_df907327-cfcd-4041-bc94-70308ff6b3b9.pdf

Capital/Financing Update

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ABN 96 122 995 073

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ASX Code: BML

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 31 MARCH 2014

COMPANY RAISES $500,000 UNDER SHARE PLACEMENT

Botswana Metals Limited (ASX: BML) (“Company”) is pleased to advise that the share placement issue to raise $500,000 is now closed with applications having been received for the 62,500,000 shares that the Company sought to place.

Once all payments of application monies are cleared the Company will issue the shares and an Appendix 3B will be lodged.

The issue includes free attaching one-for-one options (62,500,000) subject to approval of shareholders and a Notice of Extraordinary General Meeting will be dispatched shortly.

Mr Patrick Volpe Chairman

Botswana Metals Limited

Mailing Address Suite 3, 16 Cotham Road, Kew, Victoria 3101

Registered Office Suite 506, Level 5, 1 Princess Street, Kew, Victoria 3101 P: +61 3 9855 1885; F: +61 3 9855 2885 Email [email protected]

www.botswanametals.com.au