The Company wishes to inform shareholders that Discovery Metals...

The Company wishes to inform shareholders that Discovery Metals Limited continues to be in discussions with interested parties in relation to a potential transaction. Further, the Company has received an indicative, non-binding re-financing proposal which it is currently evaluating.

Shareholders are advised that there is no guarantee that an acceptable binding proposal will be forthcoming from these discussions. Additionally, the Company is working with lenders with a view to re-profiling its debt over a longer
timeframe and has been granted a waiver so that funding of the Debt Service Reserve Account (DSRA) is capped at US$
8m up to and including 31 December 2013 (the DSRA is currently funded to US$ 7.7m and was previously required to be topped up to approximately US$ 19.2m by 30 September 2013). The Company and its lenders have jointly agreed to extend the date for a final board recommended offer to
16 September 2013