Sutter Gold Mining Inc. announced that it has closed on an agreement with RMB Australia Holdings Ltd. (RMB) pursuant to which RMB has agreed to increase the existing secured, short term debt facility of $12 million (the original facility) by an additional $8 million (the extended facility, together with the original facility, the facility). The extended facility will be used for the completion of the construction of the lincoln mine project (the Project) near Sutter Creek, and for agreed general corporate purposes. With this extended facility, RMB has now made an aggregate of $20 million available to the company, of which $12 million has been drawn by the company.

In addition, the Facility's due date has been extended from June 30, 2013 to June 30, 2014 and now bears interest at the rate of LIBOR plus 15% per annum. The extended facility is subject to an arrangement fee of 5% of the extended facility, which will be paid to RMB Resources Inc. or to RMB on the first draw down on the extended facility. The security granted by the company is consistent with that under the existing prepaid gold facility with RMB and includes a first ranking charge over the Project.