OREANDA-NEWS. March 20, 2013. Burwill Minerals entered into a second supplemental agreement to the Sale and Purchase Agreement (as amended by the supplemental agreement dated 21 January 2013) with the Purchaser to further extend the Completion Date to shortly after 31 May 2013.

References are made to the announcements of the Company dated 31 August 2012, 4 September 2012, 28 December 2012 and 21 January 2013 and the circular of the Company dated 12 October 2012 (the “Circular”) in relation to, among other things, the Proposed Disposal. Capitalised terms used herein have the same meanings as defined in the Circular unless otherwise specified.

As mentioned in the announcement of the Company dated 21 January 2013, due to certain condition precedents not being satisfied, the Completion Date was extended to shortly after 12 March 2013. As additional time is required for the Purchaser to complete the financing for the consideration, being a condition precedent under the Sale and Purchase Agreement (as amended by the supplemental agreement dated 21 January 2013), Burwill Minerals has agreed to further extend the Completion Date and in this regard, entered into a second supplemental agreement to the Sale and Purchase Agreement with the Purchaser on 15 March 2013 to further extend the Completion Date to shortly after 31 May 2013.