YOJEE LIMITED — Capital/Financing Update 2012

Apr 19, 2012

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ASX Release

20 April 2012

Southern Crown Resources Limited

ABN: 52 143 416 531 Level 1, Suite 2 415 Riversdale Road HAWTHORN EAST VIC 3123 T: (+61) 3 9813 3882 F: (+61) 3 9813 4882 www.southerncrown.com.au

Contact:

Jock Harmer Managing Director T +27 823 239 768 jock.harmer@southerncrown.com.au

Rhod Grivas Chairman T: +61 419 919 321 rhod.grivas@southerncrown.com.au

Directors / Officers:

Rhod Grivas - Chairman Robin “Jock” Harmer - MD Mark Papendieck Adrian Hill

Issued Shares and Options:

Shares: 35 million Listed options: 10 million Unlisted options: 5.5 million

ASX Codes: SWR, SWRO

Agreement to Sell Rare Earth International

Southern Crown has received an offer to acquire Rare Earth International and all the Company’s rare earth projects.

The Directors of Southern Crown Resources Limited ("Southern Crown" or “the Company”) advise that they have received an offer from the original vendors of Rare Earth International (“REI Vendors”) to acquire the wholly owned Southern Crown subsidiary, Rare Earth International Ltd (“ REI ”), and all the Company’s rare earth projects, including the Nkombwa Project in Zambia and the Xiluvo Project in Mozambique.

The Company has subsequently entered into a binding Heads of Agreement (“ Agreement ”) with the REI Vendors to sell them all of the issued capital in REI in exchange for the cancellation of the existing 5 million Southern Crown shares issued as part of the original transaction, along with the rights to any additional ordinary shares and the cancellation of the 37 million performance shares as issued on 3 June 2011.

Completion of the Agreement is subject to a number of conditions, including all relevant shareholder and regulatory approvals. The Company intends putting the Agreement to shareholders at a general meeting planned for late May 2012. Further details relating to the transaction will be outlined in the Notice of Meeting and will be accompanied by an independent experts report and valuation.

On 30 March 2012, the Zambian government lifted the moratorium on the licensing system and stated it would commence approving new prospecting licenses and consider cancelling defaulting licenses. The Company is still seeking clarity over the removal of the invalid license over Nkombwa Hill.

In light of the security of tenure issues experienced in Zambia, the loss of the Gakara Project in Burundi, the cooling of the rare earth market and change in global economic conditions generally, the independent directors believe the Company is better served by accepting the offer from the REI Vendors and pursuing new opportunities.

In the short to medium term the Directors will continue working on the Company’s existing Queensland and New South Wales exploration portfolio while evaluating additional exploration projects globally that could add value to shareholders.

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The Managing Director, Dr Jock Harmer, has indicated his intention to resign from Southern Crown on 3 June 2012 at the end of his contractual employment period to pursue opportunities within the rare earth sector.

Upon settlement of the Agreement it will effectively result in the unwinding of the original transaction and Southern Crown will revert to a company with an excellent capital structure of 30 million shares on issue, copper and gold exploration projects in North Queensland and New South Wales and approximately $2.4 million cash in the bank.

For further information please contact:

Rhod Grivas

Chairman

Ph: +61 419 919 321

About Southern Crown Resources Limited

Southern Crown Resources Limited, named after a prominent arc constellation in the Southern Hemisphere listed on the ASX on 2[nd] December 2010 with approximately 29.5 million shares on issue.

Southern Crown was formed with the purpose of acquiring, exploring and developing mineral deposits and on 5[th] May 2011 completed the acquisition of Rare Earth International which is exploring the Nkombwa and Xiluvo projects located in Zambia and Mozambique respectively.

The Company continues to evaluate additional mineral projects considered likely to add value to shareholders.

The Board of Directors has a strong mix of technical, financial and corporate skills to successfully explore the Company’s existing projects as well as source and develop further acquisition opportunities globally.

Competent Person’s Statement

The information in this report that relates to Exploration Results, Mineral Resources and/or Ore Reserves is based on information provided by Dr R.E. “Jock” Harmer, PrSciNat, FGSSA and Rhoderick Grivas, employees of Southern Crown Resources Limited. Dr Harmer has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Harmer and Rhoderick Grivas consent to the inclusion of the information in the form and context in which it appears.

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