20 June 2013

Xceed in Discussions Regarding Potential Transaction

Xceed Resources Limited (Xceed or Company) advises that it is in discussions with a third party regarding a proposal which, if it were to proceed, could result in a corporate transaction involving the Company (Proposal). At this stage, the Proposal is indicative, non-binding, incomplete and conditional.
The Proposal is subject to a number of conditions, including (amongst others) the completion of satisfactory due diligence and execution of formal, binding documentation.
Accordingly, the Company has invited the proposer to undertake a due diligence process. This process will of necessity result in a wider range of people becoming aware of the Proposal and the Company is concerned that there is an elevated risk that the confidentiality of the Proposal may be lost. Hence the directors have decided to make this announcement in order to ensure that the market remains fully informed. Nevertheless, it is stressed that the Proposal is indicative, non-binding, conditional and incomplete, and there can be no assurance that the Proposal will result in any transaction occurring.
For further information regarding the Company, please contact the Company
Secretary on +61 8 9226 0329 or refer to www.xceedresources.com.au
For and on behalf of Xceed Resources Limited

Fiona Muir
Company Secretary

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