Equus Mining Limited - Completion of Institutional Placement and receipt of Committed Offer of Corporate Debt Facility

Equus Mining Limited ('Equus' or 'the Company') is pleased to announce that it has received firm commitments for $1,545,500 in a placement of shares at $0.10 per share.

Equus has also entered into a binding agreement with Tribeca Global Resources Credit Pty Ltd ('Tribeca') whereby Tribeca will provide Equus with a 2 year, US$2,200,000 Corporate Debt Facility ('CDF'). The Funds from both the placement and the CDF will be used to advance exploration and resource evaluation across the Cerro Bayo Project and for working capital.

About the Placement

Under the terms of the Placement, 12,755,000 new shares ('Placement Shares') have been allocated to institutional and sophisticated investors and 2,700,000 to Directors of the Company at a price of $0.10 per share, representing a discount of 10.79% to the 5-day volume-weighted average price ($0.112) of Equus shares traded on the ASX.

Contact:

John Braham

Tel: [phone]

Email: [e-mail]

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