Kombat Copper Inc. reported that it has received all the results from its diamond drill core program at Gross Otavi. The best result to date is from GC15A-12 which returned 6.03 metres of 1.55% copper, 6.64% lead, 4.09 % zinc and 18.4g/t silver, including 4.12 metres of 2.06% copper, 9.52% lead, 5.37% zinc and 23.5g/t silver. The table below lists the balance of significant assays. Gross Otavi is located approximately 12 km to the west of Kombat and was historically mined by Otavi Minen und Eisenbahn-Gesellschaft (‘OMEG’) from 1909 until 1941. TCL and Gold Fields Namibia evaluated the area by diamond drilling and a decline was begun in 1988 with the intention of commencing production as a satellite deposit to feed the Kombat mill. All work was halted in early 1989 when work was re-focused on the Kombat Mine. Weatherly International performed more work including recirculation drilling with good results as disclosed in a news release dated 23 October 2007; however, continued to focus their priorities on the main Kombat deposit along with the Asis Far West project. All historic drilling at Gross Otavi was performed prior to the existence of NI43-101 standards and no drill core remains to be re-sampled and analysed. Therefore, to confirm the presence of mineralisation at the site some drilling was required. For a preliminary program, two diamond drill holes were planned as twin holes of historic holes; GC5 and GC15. The first hole, GC5A-12 (twinning GC5) was collared at -50o towards 019o (true), but was abandoned at 50.20 metres due to an unforeseen obstruction (steel in an old drill hole). Therefore GC5B-12 was collared 4.0m to the west and again drilled at -50o towards 019o (true). GC15B-12 (twinning GC15) was collared approximately 62m to the east and 25m south of GC5B-12 and drilled at the same azimuth and dip. All core was oriented and down hole surveys were carried out systematically with a Reflex EZ-Trac multi-shot tool. Final drill hole-collar coordinates were acquired by use of a differential GPS. Sampling and Analytical Method: All drill core was systematically logged with lithology, mineralisation, alteration and structure recorded and logged by hand on A3 size logging sheets. Any lost core for each sample interval was recorded in an adjacent column to the sample interval column. At completion of the hole all qualitative and quantitative data were entered digitally in the Kombat database. All drill core from the Gross Otavi drilling was sawn in half by means of a core saw in a secure location at the Kombat mine site. For each sample, one half was sent to the laboratory and the other half kept as a reference in the core box. As per standard practices, Company geologists inserted a standard and blank in every batch of twenty samples. Four hundred seventy-two (472) samples were sent for analysis. The samples were submitted to Bureau Veritas ("BV") laboratory in Swakopmund, Namibia, an ISO 17025 certified laboratory in late Q4, 2012 and analysed for 25 elements by Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES). The laboratory protocol involves a crushing stage whereby the entire sample is reduced to a 2mm fraction. The crushed material is then run through a splitter device to obtain a representative fraction of approximately 500 grams. This fraction is then pulverized in a ring pulverizer until 85% of the material will pass through a 75 micron sieve. Following this, a 0.15 gram sample is digested using a combination of nitric, hydrochloric, perchloric and hydrofluoric acids for an almost total digestion. The digested sample is then analysed for Cu, Pb, Zn and Ag along with 21 other elements by ICP-OES. The laboratory inserts internal standards and blanks along with random duplicates with a blank at the beginning of a run and thereafter every 90 samples to ensure 1 to 2 internal standards and 1 to 2 duplicates every 30 samples.

Kombat Copper Inc. commenced work on priority copper targets within its Exclusive Prospecting Licences (EPLs). The Company's EPL's are located in the highly prospective Otavi Mountainland of northern Namibia. At EPL 3941, diamond drilling is now underway to test the down dip extension of the "Domingo I showing" approximately 3 kilometres to the south-southeast from the Tsumeb mine and located on the south limb of the Tsumeb syncline. The Domingo I showing consists of dolostone outcrop with chalcopyrite and galena mineralisation and the drill target is based on characteristics similar to surface geology at the world famous Tsumeb mine. A second priority drilling target has been established on EPL 3942; approximately 1.3 kilometres to the east of the Domingo showing. Heckers Breccia, also known as "Domingo III" a strongly silicified chert breccia with copper oxide mineralisation in the form of malachite and chalcocite lies along the south limb of the Tsumeb syncline approximately 4.5 kilometres from the Tsumeb mine. It has been identified as a priority target due to its proximity to Domingo I and the Tsumeb mine. This target is being tested with a short Rotary Air Blast (RAB) drilling program.

yKombat Copper Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported bet Loss before undernoted items of CAD 766,654 against CAD 1,048,163 a year ago. Net loss was CAD 766,654 against CAD 956,353 a year ago. Net loss and comprehensive loss attributable Shareholders of the company was CAD 766,654 or CAD 0.01 per basic and diluted share against CAD 956,353 or CAD 0.03 per basic and diluted share a year ago. Net loss and comprehensive loss for the period was CAD 673,882 against CAD 956,353 a year ago. Net cash used in operating activities was CAD 766,654 against CAD 520,982 a year ago. For the nine months, the company reported bet Loss before undernoted items of CAD 2,459,361 against CAD 1,571,778 a year ago. Net loss was CAD 2,459,361 against CAD 1,479,968 a year ago. Net loss attributable Shareholders of the company was CAD 2,459,361 against CAD 1,479,968 a year ago. Net loss and comprehensive loss for the period was CAD 2,316,652 or CAD 0.04 per basic and diluted share against CAD 1,479,968 or CAD 0.04 per basic and diluted share a year ago. Net cash used in operating activities was CAD 1,899,361 against CAD 597,236 a year ago. Expenditures on acquisitions were CAD 10,011,515 against CAD 455,804 a year ago.