

| Listed Securities | |
| Ordinary Shares |
173,577,677
|
| Unlisted Securities | |
| Milestone Options A - Exercisable @ $0.25 on or before 31 August 2014 | 1,000,000 |
| Milestone Options B - Exercisable @ $0.25 on or before 31 August 2014 | 1,000,000 |
| Class A Performance Shares 1 | 10,000,000 |
1. Class A Performance Shares are convertible to ordinary shares should a 10,000 metre drilling exploration program on the Malala Molybdenum Project be completed by the company or a third party on behalf of the Company, before 24 February 2015.