ZEUS RESOURCES LIMITED — Major Shareholding Notification 2013

Feb 18, 2013

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19 February 2013

The Manager Company Announcements Australian Securities Exchange Level 5, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

Dear Sirs,

ASX Code: ZEU

Re: Statement by Zeus’ Cornerstone Shareholder

Zeus Resources Limited (“Zeus” or “the Company”) is pleased to advise that in a statement to be delivered at the Australian Securities Exchange this morning the Chairman of China Metallurgical Geology Bureau (“CMGB”) Mr Lu, will make the following comments:

“I would like to say a few words about CMGB and how I see our investment in Zeus moving forward. CMGB is one of China's leading mining companies with a unique cutting edge in geological exploration. With 60 years dedicated work, CMGB currently governs 12 subordinate bureaus, institutions and centres, 6 holding companies and more than 100 entities.We have more than 15000 employees, among which over 7000 are technical personnel of various aspects. ZIMC is one of our subordinate companies with the mandate to invest in domestic and foreign mining markets. The investment made by CMGB in Zeus is only a first step. Bigger steps will follow. In China we have an expression that a journey of a thousand miles begins with one step.

CMGB has a clear vision for Zeus. We plan on Zeus becoming a major multi-commodity mining house in Australia. We are currently examining a number of proposals to acquire large proven deposits here in Australia and move from a purely exploration company to a world class producer. Zeus will be supported by CMGB and its brilliant partners both China and worldwide in terms of capital, technology, and competent professionals in its rise to become a major mining house. Whilst it is early days, I believe we are today witnessing the rise of a new growing and vital Australian mining house forged by China and Australia.

CMGB is a state owned enterprise of the People’s Republic of China. Mr Lu is presently in Sydney and is leading a delegation of senior CMGB officials for meetings with Zeus’ board and management. CMGB, via its subsidiary, was the 32% cornerstone investor in the recent initial public offering of Zeus on ASX.

Dr Mike Etheridge, the Chairman of Zeus commented as follows:

T +61 2 9251 3886 ACN 139 183 190

Zeus Resources Ltd Westpac Building > Suite 3 > Level 11 > 50 Pitt Street Sydney > New South Wales > 2000 > Australia

www.zeusresources.com.

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“We welcome our major shareholder and partner CMGB and look forward to an exciting and productive working relationship for all Zeus shareholders.”

Renzie Duncan, the Managing Director of Zeus also said:

“Today’s statement by the Chairman of CMGB underlines a commitment by one of China’s premier mining houses to support Zeus .”

Yours faithfully

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Andrew Whitten Company Secretary

Contacts:

ASX: Mr Andrew Whitten Media: Mr Ian de Renzie Duncan

Company Secretary Managing Director Zeus Resources Limited Zeus Resources Limited +61 2 8072 1425 +61 2 9252 3688

ABOUT ZEUS

Zeus is a multi-project uranium exploration company with approximately 7700km2 of uranium tenements (both granted and applications) in Western Australia. Zeus listed on the ASX in January 2013 and has as its cornerstone investor (via a subsidiary) China Metallurgical Geology Bureau (“CMGB”), a state owned enterprise of the People’s Republic of China.

T +61 2 9251 3886 ACN 139 183 190

Zeus Resources Ltd Westpac Building > Suite 3 > Level 11 > 50 Pitt Street Sydney > New South Wales > 2000 > Australia

www.zeusresources.com.