Minemakers Limited announced that Mr. Andrew Drummond has advised of his resignation as Non-Executive Chairman and director of Minemakers with effect from May 7, 2013. Mr. Richard H (Dick) Block has simultaneously been appointed as Non-Executive Chairman of the Board. Mr. Block has been a non-executive director of Minemakers since March 2012. Mr. Block has previously been a non-executive director or senior officer of a number of New York and Toronto Stock Exchange companies.

Minemakers Limited reported consolidated cash flow results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net operating cash outflows of AUD 2,532,000 and payment for purchases of other fixed assets of AUD 13,000. For the nine months, the company reported net operating cash outflows of AUD 8,421,000 and payment for purchases of other fixed assets of AUD 48,000. For the fourth quarter of 2013, the company estimated exploration and evaluation of AUD 1,510,000.

Minemakers Limited announced the filing of an updated mineral resource statement in connection with its Wonarah Project in the Northern Territory, Australia. The report from MPR Geological Consultants Pty Ltd. discloses resources in relation to sensitivities for cut off grades applied as follows: Minemakers evaluations of the Wonarah project to date have concentrated on a potential operation targeting high grade Direct Ship Ore (DSO). Assessment of the lower grade mineralisation is at an early stage of evaluation. Minemakers has not established the economic viability of the Mineral Resources. Mineral Resources that are not Mineral Reserves do not have demonstrated economic validity. The extents to which mining, metallurgical, marketing, infrastructure, permitting, marketing and other financial factors may affect the Mineral Resource Estimates are not well defined. Minemakers proposed future resource development programs for Wonarah focus on improving confidence in estimated resources with the target of increasing the proportion of estimates classified as Measured. Minemakers proposed future work program, recommended by the technical report, includes 31,200 metres of infill RC and diamond drilling targeting resources currently classified as Inferred and Indicated followed by data interpretation and resource estimation. The goal of these proposed programs is the upgrading of confidence in estimates for selected areas to the Measured category. Estimated cost of the combined work programs is approximately AUD 3.5 million.