5 October 2015

Engagement of CPS Capital as Lead Manager

Minerals Corporation Limited (the Company or MSC) is pleased to announce that it has appointed CPS Capital Group Pty Ltd (CPS) as its Lead Manager (Mandate). Subject to shareholder approval of the acquisition of Megastar Millionaire Pty Ltd (MSM) at the upcoming EGM, MSC will be raising up to a maximum of $7 million by way of a recompliance prospectus (Public Offer). CPS has provided the Company with a firm commitment letter for the minimum amount of $4 million to be raised under the Public Offer.

'We are extremely pleased to have secured the services of CPS as our Lead Manager. Having received a firm commitment from CPS for the minimum raising under the Public Offer is a big validation in the MSM business model, and allows us to actively engage with key stakeholders in the US and globally.' stated Matthew Foy, Non-executive of Minerals Corporation.

Under the Mandate with CPS, the Company will pay CPS a management fee of 2% of the total funds raised under the Public Offer. In addition the Company will also issue CPS with up to 14 million unlisted options in the Company, with an exercise price of $0.10 and an expiry date of 7 November, 2019.

MSC further advises that the deadline date to satisfy all conditions precedent under the share sale agreement between MSM and the Company has been extended from 2 October 2015 to 31 December 2015.

Contact

Matthew Foy

Non Executive Director T: +61 (08) 9486 4036

W: http://mineralscorp.com.au/