XREF LIMITED — Board/Management Information 2014

Sep 30, 2014

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King Solomon Mines Limited

242 Marine Parade, Otaki 5512, New Zealand Office (within Australia): 1 800 061 569 (outside Australia): +64 6 364 8462 Fax: +64 6 364 8497 enquiries@kingsolomonmines.com www.kingsolomonmines.com

1 October 2014 Companies Announcements Office Australian Securities Exchange

APPOINTMENT OF NEW DIRECTORS

The Board of King Solomon Mines Limited is pleased to announce the appointment of Simon O’Louglin and Simon Taylor to its board. They bring valuable experience which will assist the company’s future plans especially in regard to the potential acquisition opportunities it is considering and will consider in the future.

Brief details on each director are provided below.

Mr Simon O’Loughlin BA (Acc)

Non-Executive Director

Mr O’Loughlin is the founding member of O’Loughlins Lawyers, an Adelaide based medium sized specialist commercial law firm. He also holds accounting qualifications. He has extensive experience and involvement with companies in the resources sector. He has also been involved in the listing and back-door listing of numerous companies on the ASX and National Stock Exchange.

Mr O’Loughlin has held directorships in Lawson Gold Ltd ( July 2013 – present), Goldminex Resources Limited (July 2012 – present), Reproductive Health Science Ltd (April 2012 – February 2013 and August 2013 – present), Oncosil Limited (March 2012 – July 2013), Kibaran Resources Limited (November 2010 – present), Chesser Resources Limited (March 2006 – present), Petratherm Limited (October 2003 – present), Aura Energy Limited (May 2006 – December 2013), Wolf Petroleum Limited (September 2010 – April 2012), Bioxyne Limited (July 2008 – April 2012) and Avenue Resources Limited (March 2010 – March 2012).

ARBN 122 404 666

King Solomon Mines Limited

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Mr Simon Taylor

Non-Executive Director

Mr Taylor is a geologist with over 25 years’ experience in exploration, project assessment and development in the resources sector. He has had a diversified career as a resources professional providing services to resource companies and financial corporations. This has been at both a technical and corporate level. His experience spans a range of commodities including gold, fertilisers (phosphate and potash), base metals, nickel, uranium, coal and coal seam methane. Whilst his experience includes Australia a majority of his projects have been in international countries including Brazil, Turkey, Uganda, Tanzania, Mali, China, UK and North America.

His experience includes providing consulting services to resource companies and financial corporations as a resource analyst. His analytical and technical expertise, combined with his corporate experience have given him an ability to advise companies at a corporate and Board level including fund raising, acquisitions, promotion and recognising value opportunities to add shareholder value.

He is currently a non-executive director with Chesser Resources and Oklo Resources and has held former directorships with Aguia Resources Limited (Managing Director), Bondi Mining Limited and Probiomics Limited.

He is a member of the Australian Institute of Geoscientists and a graduate of Sydney University.

King Solomon Mines Limited

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Stephen McPhail

Managing Director

ARBN 122 404 666

King Solomon Mines Limited