Tranche Update on Florin Mining Investment Company Limited's Equity Buyback Plan announced on June 12, 2012.

Florin Mining Investment Company Limited is an Australia-based investment company. The Company's investment objective is to achieve a high real rate of return, consisting of both income and capital growth by investing in a portfolio of securities of natural resource companies. It seeks to maximize the capital growth of its portfolio by investing in natural resource companies. It allows the investors to choose from companies, which invest solely in Australia, or companies which invest in overseas markets. The Company shall limit its investments to those companies, which derives a significant proportion of their revenues from the mining of base and precious metals, industrial minerals and bulk commodities, the production of oil and gas or geothermal energy, or have a significant proportion of their assets invested, or they propose to invest in activities involved in the exploration for base and precious metals, industrial minerals, bulk commodities, oil, gas and geothermal energy.