1 April 2015 ASX Release ASX Code: CXX M I R A B A U D R E S E A R C H N O T E - PA N D A H I L L P F S

Cradle Resources Limited (ASX: CXX) (Company) confirms that Mirabaud Securities has published a
research note titled "Panda Hill PFS firms up project economics".
To view a copy of the research note, please visit the Company's website www.cradleresources.com.au, under Investors | Analyst Reports on the home page.

Grant Davey

Managing Director

Cradle Resources Limited

Level 7

1008 Hay Street

Perth WA 6000

T +61 8 9389 2000

F +61 8 9389 2099

E admin@cradleresources.com.au

www.cradleresources.com.au

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