Cic Mining Regulatory News (CICC)

CIC CAPITAL LTD.

("CIC" or the "Company")

SHARE TRANSACTION

The Board of CIC announces that it has agreed to acquire into treasury from the Balfour Fund 16,726,356 existing common shares and an equivalent number of warrants to subscribe for new common shares at a combined price of 4p per share and warrant unit ("Unit") and, concurrently, has agreed to sell these Units at a price of 4p per Unit to a third party investor. The transaction value is GBP669,054. Each warrant, if exercised, will convert into one new common share. The warrant exercise price is 4p and the warrants expire on 31 December 2014 if they have not been exercised by that date.

Balfour Fund acquired the existing shares from CIC in January 2013 but has been unable to pay for them until certain Canadian regulatory issues which remain outstanding, have been resolved. In view of this the January 2013 transaction with Balfour Fund has been unwound.

Following the transaction, the number of common shares in issue will remain unchanged at 186,444,427 common shares in issue. The transaction represents 8.97 per cent of the issued share capital of the Company. In addition, there are 67,554,820 warrants in issue and 10,750,000 options outstanding.

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CIC Capital Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

The core services provided by CIC Mining Resources are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange www.CICcapital.com