Hummingbird Resources Announcement

15 March 2013
Hummingbird Resources Announcement

First Tranche of Royalty Funding

Following the announcement on 18 December 2012 of the $15 million financing agreement with Anglo Pacific Group ("Anglo Pacific"), Hummingbird Resources announces that having satisfied the conditions precedent it has received the first tranche of US$5 million from Anglo Pacific.

As previously announced, the second tranche is payable upon either the completion of 25,000 metres of infill drilling or the publication of the results of a scoping study on the Dugbe 1 Project which is due to be published shortly; and the third tranche will become due once both a scoping study and the 25,000 metres of infill drilling have been completed.

Tom Hill, Finance Director, commented:

"Good progress continues to be made on our fully funded 2013 work programme which is focussed on progressing the Dugbe 1 Project with the scoping study near completion, and over 7,000m of drilling completed this year since commencing on 24 January 2013."