Tap Issue of US$125 million of the 9% TiZir Senior Secured Bond

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ASX Release                                                                                  12 May 2014

Tap Issue of US$125 million of the 9% TiZir Senior Secured Bond

TiZir Limited (?TiZir?), 50% owned by Mineral Deposits Limited, announced today that it has conditionally completed a US$125 million tap issue of the existing US$150 million 9.00% senior secured callable bond due 2017.  The new bonds will be priced at 102.9% of par, representing a yield to maturity of approximately 8.0%.  Please see the announcement by TiZir following.

For further details please contact:

Rick Sharp, Managing Director

T: +61 3 9618 2500

E: rick.sharp@mineraldeposits.com.au

To read today?s full announcement click here.