Takeover Offer by Minemakers Limited for UCL Resources Limited First Supplementary Bidder’s Statement

TORONTO, ONTARIO–(Marketwire – March 1, 2012) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Minemakers Limited (TSX:MAK)(ASX:MAK)(NAMIBIAN:MMS) wishes to inform the market, that a copy of the following has been today lodged with the ASX:

“Takeover Offer by Minemakers Limited for
UCL Resources Limited
First Supplementary Bidder’s Statement”

A digital copy of this announcement can be viewed on our website.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares within the United States. The ordinary shares have not been offered and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.

ABN 48 116 296 541