margin locked in on 50k oz surface stockpile

Silver Lake Resources Ltd (“Silver Lake”) is pleased to advise that it has entered into a
forward gold hedging programme for 50,000 ounces spread evenly from April 2014 to
March 2015.

At an average forward price of A$1,536 oz, the programme locks in a favourable margin
on low grade (~1.2 g/t Au) surface stockpiles that are expected to be processed over the
hedge period.

The hedge programme equates to approximately 30% of the expected production over the
hedge period. The hedge programme is with the Commonwealth