VRX SILICA LIMITED — Capital/Financing Update 2012

Aug 19, 2012

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20 August 2012

ASX Limited Company Announcements Office Level 4 Exchange Centre 20 Bridge Street SYDNEY NSW 2000

VENTNOR TO PROGRESS DEEP DRILLING AT ITS THADUNA/GREEN DRAGON COPPER PROSPECT WITH $4.0 MILLION PLACEMENT

Ventnor Resources Limited (“Ventnor”) is pleased to announce that it has received firm commitments for the placement of 7.3 million ordinary fully paid shares (“Shares”) at an issue price of 55 cents per Share to raise gross proceeds of $4,015,000.

The Shares will be issued within the scope of Ventnor’s available share placement capacity under ASX Listing Rule 7.1.

The placement was arranged by Bell Potter Securities Limited to institutions and sophisticated investors and was oversubscribed.

The funds raised from the issue will be used to extend the fourth phase of drilling at the Thaduna/Green Dragon copper project to a depth of 300 metres following its recently announced significant assays and intercepts of bornite copper mineralisation.

A further 15 holes for 6,000 metres have been planned with drillpads and sumps prepared.

The drilling is predominately diamond drilling with RC drilled pre-collars and diamond tails.

The drill is on site and 5 pre-collars have been drilled. It is estimated that the drilling will be completed in 6-8 weeks with assays to follow.

An Appendix 3B - New issue announcement, application for quotation of additional securities and agreement will be lodged with ASX on completion of allotment and issue of the Shares.

For further information please contact:

Bruce Maluish, Managing Director brucem@ventnorresources.com.au www.ventnorresources.com.au

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