3 August 2015

Unity Mining Limited

ABN 61 005 674 073

Corporate Details:

ASX Code: UML

Issued capital:

1140M ord. shares

9.58M unlisted Perf. Rights

Substantial Shareholders: Diversified Minerals Pty Ltd

136.5M (11.97%)

Directors:

Non-Executive Chairman: Clive Jones

Managing Director: Andrew McIlwain

Non-Executive Directors: Ronnie Beevor

Gary Davison

Frank Terranova

Contact Details:

Unity Mining Limited

Level 10

350 Collins St Melbourne Victoria 3000

Australia

Tel: +61 (0)3 8622 2300

Fax: +61 (0)3 8622 2399

Email:

[email protected]

Website:

www.unitymining.com.au

Unmarketable Parcel Sale Program

Unity Mining Limited ("Unity") is pleased to provide smaller shareholders with an opportunity to sell their shareholding in Unity without incurring brokerage or handling costs.

This program is open to Australian and New Zealand registered shareholders who at 7 pm on

30 July 2015 held fully-paid ordinary shares in Unity with a value of less than $500. The program closes at 5 pm on 18 September 2015.

The Unmarketable Parcel Sale Program is being conducted to enable Unity to substantially reduce the administrative cost of managing small shareholdings and it will also enable investors with small holdings, who may find it difficult or expensive to dispose of those shares through normal means, to dispose of their small holdings in a cost effective manner.

Unity will bear all brokerage and handling fees related to sales under this program.

Attached to this announcement is a copy of a letter and pro-forma Share Retention Form that will be mailed to relevant shareholders setting out details in this regard.

Affected shareholders have the option of selling their shareholdings under the Unmarketable Parcel Sale Program, or retaining their shares. Those shareholders wishing to retain their shareholding will be required to complete and return the relevant form that will be mailed to them.

Unity Mining Limited

ABN 61 005 674 073

Level 10 350 Collins Street

Melbourne VIC 3000

T: +61 (0)3 8622 2300

F: +61 (0)3 8622 2399

E: [email protected]

W: unitymining.com.au

3 August 2015
Dear Shareholder

Unmarketable Parcel Sale Program

Unity Mining Limited (Unity) is pleased to provide you with an opportunity to sell your shareholding without incurring brokerage or handling costs. This program is open to Australian and New Zealand registered shareholders who at 7 pm on 30 July 2015 (Record Date) held fully-paid ordinary shares in Unity with a value of less than $500 (Unmarketable Parcel).
Our records show that at the Record Date you held an Unmarketable Parcel of Unity shares and hence you are eligible to participate in this program. This program closes at 5 pm on

18 September 2015 (Closing Date).

The Unmarketable Parcel Sale Program is being conducted to enable Unity to substantially reduce the administrative cost of managing small shareholdings and it will also enable investors with small holdings, who may find it difficult or expensive to dispose of those shares through normal means, to dispose of their small holdings in a cost effective manner. Unity will bear all brokerage and handling fees related to sales under this program.
Information in this letter and in the enclosed personalised Share Retention Form will assist you in making one of two choices:

1) Sell your holding (DO NOTHING)

If you do nothing, your Unity shares will be pooled with other Unity shares which are to be sold under the program and will be sold on ASX as soon as practicable after the Closing Date, and proceeds will be remitted to you as soon as practical thereafter.
If you have advised Unity of bank account details for the direct crediting of payments in relation to the recently announced capital return, then that bank account will be used for payment purposes unless you otherwise advise. In the absence of bank account details, payment will be made to you by cheque.

2) Retain your holding (COMPLETE AND RETURN SHARE RETENTION FORM)

If you wish to retain your existing unmarketable parcel of Unity shares you must complete the 'Share Retention Form' with the box in Section B marked and return the signed form in the enclosed envelope so that it is received by Unity's share registry provider Boardroom Pty Limited by 5pm on 18 September 2015.

If your shareholding is worth at least $500 on the Closing Date whether by purchase of additional shares by you or otherwise, your shares will not be sold under the program.

Additional Information

The price that will be paid to shareholders for each share sold through the program will be the average price received for the sale of all shares sold on ASX under the Unmarketable Parcel Sale Facility and hence may be more or less than the actual price that is received for your particular parcel of shares.

Unity does not make any recommendation or advice regarding whether to retain your shares or permit them to be sold under the Unmarketable Parcel Sale Facility. You should consider seeking independent financial and taxation advice before making a decision as to whether or not to participate in this program. Unity does not accept any liability regarding the price at which shares are sold through the program.
You can obtain up-to-date information on the market price of Unity shares by visiting the
ASX website (www.asx.com.au) or contacting your financial adviser.
The program is being conducted as authorized by the Unity Constitution and in a manner consistent with the ASX Listing Rules.
If your shares are in a CHESS holding and are to be sold under the program, you should note that Unity may without further notice sell the relevant shares or initiate a holding adjustment to move those shares to an issuer sponsored holding for the purposes of the sale.
If you have any questions regarding how the Unmarketable Parcel Sale Facility works please contact the Unity Mining Share Registry Call Centre on 1300 737 760 (within Australia) or on +61 2 9290 9600 (outside Australia).
Yours sincerely

Melanie Leydin Company Secretary Unity Mining Limited

2

All correspondence to Boardroom Pty Limited GPO Box 3993

Sydney NSW 2001

Tel: 1300 737 760 (within Aust) Tel: + 61 2 9290 9600 (outside Aust) Fax: + 61 2 9279 0664

www.boardroomlimited.com.au[email protected]

Subregister

SRN/HIN.

Barcode

Share Retention Form

IMPORTANT: This is an important document and requires your attention. Unity Mining Limited (Company) is implementing a sale program for holders of parcels of the Company's shares valued at less than $500. Further details regarding the program are set out in the letter to you from the Company dated 3 August 2015, which accompanies this form. If you do not want the parcel of shares in the Company referred to below sold under the program, you must complete this form and return it so that it is received by the Company's share registry no later than 5.00pm on 18 September 2015. If you are in any doubt as to how to deal with this form, you should consult your professional adviser. If your holding of the Company's shares increases to more than $500 by on market purchases or otherwise, then your holding will not be sold under the program.

A Number of shares held as at Record Date

The number of shares that you held at 7pm on 30 July 2015.

B Retention of shares

I/We refer to the letter from the company dated 3 August 2015 and hereby give notice that by marking this box I/we would like to retain my/our shares.

C Contact details (Enter your contact details below)

D Shareholder Signature

By signing and returning this form, I/we confirm that I/we understand that my/our shares will NOT BE SOLD under the program.

Individual or Securityholder 1 Securityholder 2 Securityholder 3

Sole Director and Sole Company Secretary Director Director/Company Secretary

Day Month Year

\ \ 2015

This form must be received by no later than 5.00pm time on

18 September 2015

LODGEMENT INSTRUCTIONS ARE ON THE REVERSE OF THIS FORM

Additional information

How to complete this form

A. This is the number of shares that you held at 7pm on 30 July 2015.
B. If you would like to retain your shares, please mark the box on the front of this form and return it to the Company's share registry in accordance with the lodgement instructions below. If this form is not received by 5.00pm on 18
September 2015, and you have not otherwise validly notified the Company that you wish to retain your shares, the

Company will be entitled to sell your shares on your behalf. IF YOU WOULD LIKE THE COMPANY TO SELL YOUR SHARES, YOU SHOULD NOT COMPLETE THIS FORM.

C. Enter your contact details so we may contact you regarding your form.
D. The form must be signed. In the spaces provided you must sign this form as follows:

Individual: Where the holding is in only one name, this form is to be signed by the securityholder.

Joint Holding: Where the holding is in more than one name, all the securityholders must sign.

Power of Attorney: To sign under a Power of Attorney, you must have already lodged it with the registry. Alternatively, attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: this form must be signed by a Director jointly with either another Director or a Company Secretary. Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. Please indicate the office held by signing in the appropriate place.

Lodgement of this Form

If you wish to retain your shares, this form must be completed and returned to the share registry by no later than 5.00pm on
18 September 2015. If you are returning your form by post, please allow sufficient time for collection and delivery by postal services. The postal rule does not apply, which means that to be valid your completed form must be received by no later than 5.00pm on 18 September 2015.

Mailing address: Delivery address:

Unity Mining Limited Unity Mining Limited
C/- Boardroom Pty Limited C/- Boardroom Pty Limited
GPO Box 3993 Level 12
SYDNEY NSW 2001 225 George Street
SYDNEY NSW 2000

Consolidation of shareholdings

If you have more than one holding on the Unity Mining Limited register, you should consider consolidating them. For further information regarding this, please contact Boardroom Pty Limited on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia).

Changes of Address Supported by your Signature(s)

If your address is not exactly as shown, please provide details below. This is only relevant for Issuer Sponsored registered holdings. CHESS holders must notify your sponsoring broker for amendments to holdings on the CHESS Subregister.

Shareholder 1 (Individual) / Sole Director & Sole Company

Secretary

Joint Shareholder 2 (Individual) / Director

Joint Shareholder 3 (Individual) / Director/Company Secretary

(Delete one)

Privacy Statement

Boardroom Pty Limited advises that Chapter 2C of the Corporations Act 2001 (Cth) requires information about you as a shareholder (including your name, address and details of the shares you hold) to be included in the public register of the entity in which you hold shares. Information is collected to administer your share holding and if some or all of the information is not collected then it might not be possible to administer your share holding. Your personal information may be disclosed to the entity in which you hold shares. You can obtain access to your personal information by contacting us at the address or telephone number shown above. Our privacy policy is available on our website (http://www.boardroomlimited.com.au/Privacy.html).