Ampella Mining Ltd. : Cancellation of Certain Options

3 December 2013

CANCELLATION OF CERTAIN OPTIONS AND LOAN PLAN SHARES

Ampella Mining Limited (ASX: AMX) advises the following adjustments to the Company's issued capital have taken effect as at close of business Monday 2nd December 2013:

Cancellation of Unlisted Employee Options:

1,220,000 unlisted employee options exercisable at $2.00 expiring on 31 August 2013
350,000 unlisted employee options exercisable at $1.35 expiring on 7 May 2015
1,000,000 unlisted employee options exercisable at $0.74 expiring on 31 July 2015

Cancellation of Employee Share Acquisition Scheme Shares:

1,000,000 fully paid ordinary shares held on Trust by Ampella Share Plan Pty Ltd as Trustee for Non-Executive Directors Ronnie Beevor (500,000 fpos) and Ron Renton (500,000 fpos) following expiry of the Ampella Employee Share Plan Loans on 24 November 2013.

Updated Issued Capital Totals as at 3 December 2013:

Number	Class
247,000,493	Ordinary Shares
500,000 1,100,000 6,350,000 900,000 722,270 5,408,740 2,671,380	Employee Options @ $3.00 expiring 04.02.2014 Employee Options @ $1.35 expiring 07.05.2015 Employee Options @ $0.74 expiring 31.07.2015 Employee Options @ $0.91 expiring 31.12.2015 Performance Rights Class 2012 Performance Rights Class 2013 Retention/Compensation Rights 2013

Appendix 3Y's to follow.

Ampella Mining Limited Suite 22 513 Hay Street Subiaco PERTH WA 6008 Tel: [phone]

Fax: [phone] www.ampella.com.au

ABN: 59 121 152 001 AMPELLA MINING LIMITED

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