Ann: Financing Update, page-2

Fingers crossed XXXX-
"Perth, Western Australia: Gold miner, Lachlan Star Limited (“Lachlan Star” or the “Company”) (ASX and TSX:
LSA) wishes to advise that, further to its December Quarterly Report released to the market on 2 February 2015, it
received a draft of a “Gold Purchase and Sale Agreement” from Hamilton Place Associates LLC (“HPA”) through
which HPA would provide the working capital facility referred to in the Quarterly Report. This draft was withdrawn
within 24 hours and replaced with a proposal under which HPA would have an option to purchase 100% of the
shares in DMC Newco Pty Ltd, the Company’s wholly-owned subsidiary which owns the Chilean operating
companies.
The Company is presently working through the terms of this proposal and expects to be in a position to respond to
HPA within 24 hours. The Company will provide a further update to the market if and when agreement is reached
with HPA on the terms of this proposed transaction. The Company anticipates that any such transaction will be
subject to shareholder approval and the receipt of a favourable Independent Expert’s Report.
RA Anderson