ASX Announcement
17 June 2014

Receipt of A$5.19M Tax Refund

Kingsrose Mining Limited (ASX: KRM) is pleased to advise that its 85% owned Indonesian subsidiary, PT Natarang Mining has received a refund of A$5.19M from the Indonesian Tax Office in respect to its 2012 corporate income tax return, net of provisional tax instalments relating to the 2013 corporate income tax return. This places the Company's current cash balance at A$8.1M.

The Company is now awaiting approval of the final Forestry 'borrow and use' or 'pinjam pakai' permit paving
the way for the resumption of gold production at the Way Linggo Project.

Kingsrose Managing Director Scott Huffadine said "receipt of these funds underpins the Group's funding and sees the Way Linggo Project ready to transition into production upon receipt of the final Forestry permit. The capital previously raised by the Company has been applied to the on going development of the Talang Santo Mine and supporting infrastructure and we are now in the enviable position of having no significant near term capital investment requirements to return the project to production."

Once the pinjam pakai is granted the company anticipates a ramp up to full production over a 3-­‐month
period.

-­‐ENDS-­‐ For more information please contact:


Scott Huffadine Matthew Smith Managing Director Chief Financial Officer
+61 8 9486 1149 +61 8 9486 1149

Kingsrose Mining Limited (ASX:KRM) owns 85% of the Way Linggo Gold Project in Southern Sumatra, Indonesia. The Project is held under a

100km2 4thGeneration Contract of Work (CoW) and is located on the mineral rich Trans-­‐Sumatran Fault, part of the Pacific Rim of Fire. The

Project has established infrastructure with a 140Ktpa processing plant and has produced 65,000oz of gold at an average grade of 13.1g/tAu.

The Company is currently developing its second mine at Talang Santo, which, based on current development, is pointing to a significantly larger

mineralised system than that seen at the Way Linggo Mine, with advanced exploration at the Talang Semin prospect and potential for continued

organic growth from numerous exploration targets.

Suite 9, Level 2, 12-­‐14 Thelma Street, West Perth WA 6005 | P (08) 9486 1149 | F (08) 9486 1151

info@kingsrosemining.com.au | www.kingsrosemining.com.au | ASX: KRM ABN: 49 112 389 910

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