Armada Metals Prospectus

Page 11

This Prospectus contains an offer to the public of a minimum of 40,000,000 Shares and a maximum of 50,000,000 Shares at an issue price of $0.20 per Share to raise a minimum of $8,000,000 and a maximum of $10,000,000 before costs. The Company intends to allocate the majority of the funds raised under the Offer to exploration activities, with the remaining funds being allocated to working capital requirements and other administrative expenses. The principal purpose of this offer is to fund drill programs and regional exploration as part of the Company’s business strategy (as outlined in section 3.6). Any investment in the Company should be considered a speculative investment. This Prospectus contains detailed information about the Offer and the current and proposed operations of the Company, as well as the risks pertaining to an investment in the Company. Potential investors in the Company should carefully consider those risks (which are detailed in Section 7 of this Prospectus). If required, you should also seek professional advice before making an investment in the Company. On behalf of the Board, we look forward to welcoming you as a shareholder of Armada Metals, should you decide to participate in the Offer, in what we believe will be an exciting period for the Company. Yours Sincerely,

Rick Anthon Chairman of Armada Metals Limited

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