Mantle Mining Corporation Limited : Norton Gold Mine Purchase Agreement Executed

NORTON GOLD MINE PURCHASE AGREEMENT EXECUTED ASX ANNOUNCEMENT 24 JANUARY 2014 Mantle Mining Corporation Limited (ASX: MNM) is pleased to announce that the Sale and Purchase Agreement (SPA) for acquisition of the currently idle Norton Gold Mine from Norton Gold Fields Limited (ASX: NGF) has now been executed (see ASX announcement of 11 November 2013). Acquisition Highlights:

 Mantle acquires the Norton Gold Mine for $300,000 cash at completion, less a 10% deposit upfront.

 Mining Licence (ML 80035) with pre-strip pits in-place and Frampton zone material stockpiled for processing.

 High grade, hand picked, Frampton material analyses returned circa 90 g/t gold (equals approximately 3 oz/t).

 Preliminary metallurgical test work on Frampton material points to a simple, low cost process of crushing and flotation to create a high value concentrate, plus potential gravity recovery of free gold.

Acquisition Completion:

 Mining Licence transfer documentation is currently under preparation for lodgement.

 The process is estimated to take between two and four months to complete, with the final acquisition payment of

$300,000 (GST inclusive) falling due approximately half way through the process.

Operational Steps in Progress:

 A detailed review of geological and topographical survey data and mine site geology is ongoing.

 Preliminary mining study in concert with a preferred mining contractor has begun.

 Initial metallurgical studies to design preliminary process flowchart are nearing completion.

 Preliminary transportation and marketing study based on outcome of metallurgical study is proceeding.

For further information please contact: Ian Kraemer
Managing Director
Mantle Mining Corporation Limited [e-mail]
P: [phone]

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