• Firm commitments received to raise A$5,150,000 via a placement of 30,294,118 new shares
• Placement strongly supported by existing shareholders and new institutional and sophisticated investors
• Proceeds will fund an expanded ~10,000m diamond drilling campaign at the Company's North Queensland Copper-Gold Project

Breakthrough Minerals Limited (ASX: BTM) has received firm commitments to raise A$5,150,000 (before costs) via a strongly supported placement to institutional, sophisticated and professional investors. The placement will involve the issue of 30,294,118 new fully paid ordinary shares at A$0.17 per share. Proceeds from the placement will be applied towards an expanded ~10,000m diamond drilling campaign at the Company's 100% owned North Queensland Copper-Gold Project, targeting significant resource growth at the Barbara and Hazel Creek copper-gold projects. The NQCG Project currently hosts a JORC (2012) Mineral Resource of 18.8Mt @ 1.07% CuEq (~200,000t contained CuEq), with significant potential to grow through the expanded drilling campaign. Breakthrough Minerals Managing Director, Nigel Broomham, said the overwhelming support from existing shareholders and new institutional investors is a strong endorsement of the Company's strategy and the quality of the North Queensland Copper-Gold Project.

With this capital, the Company is fully funded to execute an expanded ~10,000m drilling campaign, meaningfully larger than its initial program, targeting resource growth at both Barbara and Hazel Creek deposits which are believed to have significant potential to grow beyond the current 200,000t CuEq resource base.