13 September 2011

ASX Release

Mining Lease

Cobar Consolidated Resources Limited (ASX:CCU) announced today that it had received offer terms from the NSW Office of Resources and Energy (Minerals Titles) for the grant of a Mining Lease for the Wonawinta Silver Project.

The Office has advised that it will recommend the lease be granted subject to the payment of the application fee and lodgement of the required security. The Company is reviewing the terms of the lease and will respond to the Office shortly.

Investor and media enquiries: Trevor Shard

Company Secretary

+61 3 9866 8613

Cobar Consolidated Resources Limited | ABN 67 118 684 576

Level 4, 448 St Kilda Road, Melbourne VIC 3004 | PO Box 7693, St Kilda Road VIC 8004

Ph: +61 3 9866 8613 Fax: +61 3 9820 2586 www.ccrlimited.com.au