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XREF LIMITED Capital/Financing Update 2014

Sep 24, 2014

66097_rns_2014-09-24_891df77d-d51f-4df8-87ca-9f486c432e57.pdf

Capital/Financing Update

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==> picture [98 x 55] intentionally omitted <==

King Solomon Mines Limited ARBN 122 404 666 242 Marine Parade, Otaki 5512, New Zealand Office (within Australia): 1 800 061 569 (outside Australia): +64 6 364 8462 Fax: +64 6 364 8497 [email protected] www.kingsolomonmines.com

25 September 2014

Companies Announcements Office Australian Securities Exchange

ISSUE OF SHARES UNDER PLACEMENT

The Board of King Solomon Mines Limited (ASX Code: KSO) is pleased to announce a placement of 22,778,170 fully paid ordinary shares at a price of $0.003 to raise approximately $68,000.

The funds raised are to fund its acquisition of exploration projects, exploration work and for general working capital.

The placement was made to clients of brokers Taylor Collison Limited.

It is anticipated that an Appendix 3B for the issue of these placement shares will be lodged on 30 September 2014.

King Solomon Mines Limited