ASX Announcement 20 October 2014 COMPANY DETAILS Lithium pegmatites identified at Lake Seabrook (ASX: CXB) ABN: 29 126 129 413 PRINCIPAL AND REGISTERED OFFICE Cobre Montana NL Suite 3 23 Belgravia Street Belmont WA 6104 POSTAL ADDRESS PO Box 588 Belmont WA 6984 Cobre Montana NL (ASX:CXB) has identified lithium pegmatites on the shores of Lake Seabrook, approximately 60km north of Southern Cross, Western Australia. The pegmatites contain lithium mica, beryl and tourmaline. Cobre has applied for an exploration licence (see attached plan) covering most of the known pegmatite swarm. The Lake Sebrooke licence application adds to the lithium and rare metal potential accumulated in Cobre’s strategic metal portfolio, which includes Ravensthorpe and the Coolgardie Rare Metals Venture (an initiative of Cobre and ASX listed Focus Minerals Limited). Both projects are located within Western Australia and close to well-developed infrastructure. W www.cobremontana.com.au E [email protected] P +61 8 6145 0288 F +61 8 9475 0847 ASX CODE CXB For further information contact: Cobre Montana NL : Adrian Griffin Managing Director Tel: +61 (08) 6145 0288 [email protected] Web: www.cobremontana.com.au CORPORATE INFORMATION (29 July 2014) 84M Ordinary Shares 52M Contributing Partly Paid Shares 15M Unlisted Options BOARD OF DIRECTORS Eduardo Valenzuela (Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director) ABOUT COBRE MONTANA Cobre Montana NL (ASX:CXB) has a strategic alliances with Focus Metals Limited to investigate lithium and rare metals in the Coolgardie region of Western Australia. Cobre also has lithium exploration assets near Ravensthorpe, Western Australia, and a technical alliance with Strategic Metallurgy P/L to optimize lithium extraction technology on the type of mineralization under investigation. Cobre also holds a 55% interest in the Piedrecillas copper/silver project 180km SW of Santiago, Chile. 1 Map Grid of Australia, 1994 - Zone 50 Department of Mines and Petroleum TENGRAPH (c) 1992, 1993 09:31 AM, 17/10/2014 [Customized Screen] EX12177 TGOL91 Enquiry System V7.257.2 b -30°52' 750000mE BB IN G E 77/1004 M 77/1070 A -30°53' Carine F North C Lake Seabrook (Qtzx) 760000mE M 77/989 2 A 755000mE F E 77/1853 RA NG E 6580000mN 745000mE E 77/1855 SEABROOK LAKE Lake Seabrook (W) -30°54' Lake Seabrook (Fl W) A A h Googaling Rockhole (PD) YILG JAU ARN RDI E 77/2021 -30°57' -30°56' 6575000mN -30°55' E 77/1854 VCL Ro 6570000mN -30°58' E 77/2264 SEABROOK LAKE -30°59' ad M 77/1269 Lake Seabrook S VCL E 77/2173 BRONTIE 3114 892 1542 Se ab ro ok e 28257 1649 Yilgarn Vermin Proof Fence VCL 551 LAKE SEABROOK bc bc A Lake Eva NW Road E 77/2035 A -31°3' -31°2' -31°1' VCL e 6565000mN Lak cb cb -31° Ma rv Ye el L oc llow din h e Rd B f Lake Seabrook SE SC 12 llow Ye -31°4' 6560000mN e din l rve Ma 119°34' 119°35' 119°36' This plan has been compiled from various data sources received from a number of agencies and with information supplied by applicants for mining tenements. No responsibility is accepted for any error or omission. The Commonwealth of Australia (c) 2002, through Geoscience Australia and the Department of Defence, maintains copyright over those parts of the topographic data it has provided for display in TENGRAPH. Users wishing to use the data in its unaltered form should contact Geoscience Australia at www.ga.gov.au. Confirmation of the extent and composition of any Native Title Claims should be sought from the Native Title Spatial Services Landgate. Tengraph does not identify any land that has been alienated from the Crown before 1 January 1899 and a search of title records should be carried out through Landgate to identify this category of land. Land alienated from the Crown prior to 1 January 1899 may be open for mining only in respect to gold, silver and precious metals. VCL 119°37' 119°38' 119°39' VCL 119°40' 119°41' 119°42' 119°43' 119°44' 119°45' Scale: 1:100,000 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0km