COMPLETION OF PLACEMENT ANNOUNCEMENT 12 NOVEMBER 2013

Audalia Resources Limited (Audalia) (ASX: ACP) is pleased to announce the completion of Tranche
2 of the Placement as announced to ASX on 23 September 2013.
Pursuant to Tranche 2, a total of 138,000,000 fully paid ordinary shares were issued to raise
$1,380,000 (before costs). Shareholder approval for the issue of Tranche 2 Placement Shares was obtained at the Company's Annual General Meeting held on 6 November 2013.
The funds raised from the Placement will be used to repay the short-term loan of $500,000 due for repayment on 20 November 2013, to advance the metallurgical test work at the Medcalf Project, to progress the Company's ongoing exploration activities at its Medcalf and Gascoyne Projects and for general working capital.

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
(a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at the date of this Notice, there is no information:
(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
b. the rights and liabilities attaching to the relevant Shares.

Authorised by: Dato Soo Kok Lim

Executive Chairman

ASX: ACP l Find out more at www.audalia.com.au 1

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