ABN 24 060 857 614

4 August 2014
Market Announcements Platform Australian Securities Exchange Ltd Level 8, Exchange Plaza
2 The Esplanade
PERTH WA 6000
Dear Sirs

FORFEIT OF OPTIONS

Level 9, London House

216 St Georges Terrace

Perth WA 6000

PO Box 7200

CLOISTERS SQUARE WA 6850

Tel: +61 8 9480 8700

Fax: +61 8 9480 8799 www.gindalbie.com.au

Gindalbie Metals Limited (ASX: GBG) (the 'Company') reports that the following unquoted options to acquire ordinary shares in the capital of the Company have been forfeited:
i. 161,466 options previously issued under an employee share option plan with an exercise price of $0.00 and an expiry date of 16 November 2016.
ii. 198,438 options previously issued under an employee share option plan with an exercise price of $0.00 and an expiry date of 31 October 2017.
Following forfeit of the above options, the resulting issued option structure of the Company is as follows:
Total issued options:
1,679,576 Expiry date 15 November 2016

1,501,298Expiry date 31 October 2017

3,180,874
Yours faithfully,

GINDALBIE METALS LIMITED JAN HORSMAN

Company Secretary

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