Ann: Quarterly Activities Report and Appendix 5B, page-2

Someone liked it and grabbed $20k worth.
Major highlight of the quarter is the signing of the non-binding term sheet for a merger with
TSXV listed Newrange Gold Corporation with the following key points:
• Mithril Resources has entered into a non-binding term sheet with Newrange Gold Corp. (TSXV: NRG)
(Newrange Gold) for the business combination of the two companies via a friendly merger
(Proposed Merger) to create a new Americas-focused exploration & development company.
• Mithril Resources understands that the Proposed Merger, if it proceeds, will be classified as a
reverse takeover of Newrange Gold, under the rules of the TSX Venture Exchange (TSXV).
• The Proposed Merger is intended to be undertaken by a scheme of arrangement pursuant to Part
5.1 of
the Corporations Act 2001 (Cth), whereby Newrange Gold will acquire 100% of the issued
capital in Mithril Resources.
• The non-binding term sheet is conditional upon a number of standard conditions, including
completion of satisfactory due diligence by each of the parties on each other, the negotiation and
execution of a formal Scheme Implementation Agreement and the acceptance of the Proposed
Merger by Mithril Resources shareholders and the TSX Venture Exchange.
• Newrange Gold is an exploration company listed on the TSXV with a current focus on two highly
prospective gold projects in the Red Lake Mining Division of north-western Ontario, Canada.
The Board of Mithril considers the Proposed Merger to be mutually beneficial: