JUPITER MINES LIMITED

ABN 51 105 991 740

Announcement

5 June 2014

JUPITER MINES LTD Level 42, 108 St Georges Terrace, Perth

WA, 6000

Tel: +61 8 9346 5500

Fax: +61 8 9481 5933

Contacts: Priyank Thapliyal Melissa North Email:

info@jupitermines.com

Website:

www.jupitermines.com

Directors/Officers

Brian Gilbertson Paul Murray Andrew Bell Priyank Thapliyal Soo-Cheol Shin

Melissa North

Issued Capital:

Shares: 2,281,835,383

Unlisted Opts: Nil

Current Projects:

• Production of manganese

• Advanced iron ore feasibility studies

Sale of Oakover Manganese Project

The Directors of Jupiter Mines Limited ("JMS") are pleased to advise of the successful divestment of its Oakover manganese project.
On 30 May 2014, JMS entered into a Sale Agreement with Pilbara Manganese Pty Limited (a wholly-owned subsidiary of Consolidated Minerals Limited) for sale of 100% of the five tenements that comprise the manganese project.
The sale was completed on 4 June 2014, and the sale proceeds have been remitted to the Company.
The divestment of Jupiter's non-core assets is in line with the Company's strategy to focus on the ramp up of the Tshipi manganese mine to its nameplate capacity, and to fast track the optimisation of its Mount Mason DSO Hematite project, after the recent expansion announcement regarding the port of Esperance.
Yours faithfully,

Jupiter Mines Limited


Priyank Thapliyal

Chief Executive Officer

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