ASX Release

31 January 2014

NDIAN RESOURCES LIMITED Level 1 / 330 Churchill Avenue

Subiaco, WA 6008

Tel: +61 8 9200 4438

Fax: +61 8 9200 4469

Contact: Matthew Wood Executive Chairman

E-mail:

info@lindianresources.com.au

For the latest news:

www.lindianresources.com.au

Directors / Officers: Matthew Wood Kerry Griffin Scott Funston

Brian McMaster

SX Symbol: LIN, LINOC, LINO

CLARIFICATION - DECEMBER 2013 QUARTERLY ACTIVITIES REPORT

Lindian Resources Ltd provides the following table to the December 2013 quarterly activities report in accordance with ASX Listing Rule 5.3.3.

Interests in Mining Tenements Held:

Tenure

Reference

Location

Interest at Beginning of Quarter

Interest at End of Quarter

Acquired During Quarter

Disposed of During Quarter

MPSA 004-91- XI

Philippines

Note 1

Note 1

-

-

EP V 2001-001

EXPA V-0025

EXPA V-0026

EXPA V-0028

Philippines

100% Note 2

Note 2

Note 2

100% Note 2

Note 2

Note 2

-

-

EXPA III-06-97

Philippines

Note 2

Note 2

-

-

EP III-03-98

Philippines

Note 2

Note 2

-

-

EXPA V-019

Philippines

Note 2

Note 2

-

-

MRD 02, MRD

303

Philippines

Note 2

Note 2

-

-

EXPA 90-CAR

Philippines

Note 3

Note 3

-

-

Note 1: The Company's rights to the Masapelid Project are provided through an MPSA, a contractual arrangement between the Company's wholly owned subsidiary Bundok Mineral Resources Corporation ("BMRC") and San Manuel Mining Corporation ("SMMC"). BMRC has a further right to convert the MPSA to a Financial Technical Ass Environment and Natural Resources (DENR). Denial by the DENR of the Extension (Decision) was received by BMRC and SMMC on 28 May 2013. SMMC on behalf of itself and BMRC, issued a Motion for Reconsideration (MR) to the DENR on 7 June
2013 to reverse its Decision. The MR was denied on 6 January 2014, however in issuing
the resolution, the DENR has granted SMMC until 6 January 2015 to submit a Declaration of Mining Project Feasibility in respect of the Project (DMPF). The lodgement of a DMPF provides the Company with a basis for renewal of the MPSA for a further 25 years, or if warranted conversion to a FTAA.
Note 2: BMRC has entered into an option to purchase agreement and will acquire 100% of the project upon exercise of the option.
Note 3: On 16 April 2013, BMRC entered into a Deed of Assignment (DOA) with MRI via which, MRI transferred all rights to the Abra EXPA to BMRC. The DOA has been lodged with MGB CAR and both the DOA and EXPA are awaiting processing and approval by the MGB.

LINDIAN RESOURCES LIMITED

Summary of Exploration an d Evaluation Expenditure Incurred per Project

Project

Quarter Cash Spend

$A'OOO

MPSA 004-91-Xl

248

Total

248

LINDIAN RESOURCES LIMITED

distributed by