Resolute Mining Limited is pleased to announce it has closed a major portion of the acquisition of the remaining 40% interest in the Finkolo Joint Venture from Endeavour Mining Corporation.

Following regulatory approvals in Mali for the acquisition and issue of the Finkolo-Tabakoroni Mining Permit, Resolute has made a cash payment of
US$17 million to Endeavour to settle the acquisition of the Finkolo tenure. The cash payment has been funded out of existing cash reserves recently supplemented by a newly established US$20 million extension to the existing secured loan facility jointly provided by Barclays Bank Plc and Investec Bank (Australia). The additional loan is repayable in gold ounces in 24 equal monthly instalments between November 2013 and October 2015. A further US$3 million with respect to the N’Gokoli tenure will be paid upon completion of outstanding procedural matters associated with the transfer of
that tenure.

Resolute Chief Executive Officer Mr Peter Sullivan said: “Resolute is very pleased to reach settlement on this strategic acquisition, which consolidates
and strengthens our position in the very prospective Syama Shear. We look forward to advancing our work program with a view to positive drilling results
and increasing the underlying resource base for our Syama operation.” The new ownership arrangement provides an opportunity for Resolute to develop the 800,000oz of gold resources, (previously announced to the ASX on 27 August 2013 in our Syama Development Update and FY2013
Reserves and Resources Statement), at the Tabakoroni deposit located 40km south of the Syama processing plant and also assess the relatively
untested strike potential of the Syama mineralised trend.

The Ministry of Environment and Sanitation has also recently approved the Tabakoroni Environmental and Social Impact Assessment for open pit mining
of the Tabakoroni deposit using a contract mining fleet with the ore to be trucked and processed at Syama. This represents a significant milestone that
further supports the development of the parallel oxide circuit at Syama. ASX Announcement Drilling of diamond holes for more detailed metallurgical evaluation has 02 commenced on the Tabakoroni deposit. A program of 1,500m has been planned to provide sample material for oxide, transitional and sulphide ore within and adjacent to the proposed open pit. Following this program an infill reverse circulation drilling campaign has been designed to upgrade and extend the above mentioned resource inventory.