placement to raise $5.29 million @ 1.5 cents

PLACEMENT TO RAISE $5.29 MILLION

Signature Metals Limited (Company) is pleased to announce that it
has executed a Subscription Agreement with Infiniti Premium
Resources Limited (Infiniti) for the private placement of 352,770,680
shares at a price of 1.5 cents per share. Once completed the placement
will raise approximately A$5.29 million. The placement price
represents a 15% premium to the closing price on Thursday 29
September 2011.
Signature Metals is very pleased to welcome Infiniti as a cornerstone
investor in the Company. To secure a strategic investor and partner in
the current market indicates the quality of the Konongo Gold Project
and the potential of the Company.
The key terms of the agreement are:
? 133,333,333 shares to be issued immediately for consideration of
A$2 million.
? 133,333,333 shares to be issued on or before 15 October 2011 for
consideration of A$2 million.
? 86,104,014 shares to be issued on or before 15 November 2011
for consideration of A$1.29 million.
? Infiniti to appoint one nominee to the Board of Signature Metals
immediately.
? Infiniti to appoint a further nominee to the Board of Signature
Metals following the completion of the second tranche of
subscription shares.
Funds raised pursuant to the Placement will be used for working
capital while the Company’s processing plant at the Konongo Gold
Project continues ramping up to commercial production. To date
100,000 tonnes have been processed and 1,795 ounces of gold dore
have been produced.
Bill Oliver
Managing Director
SIGNATURE METALS LIMITED