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UCL Resources Ltd, Quarterly Activities Statement for Period Ended 31 March 2013

HIGHLIGHTS

Namibian Phosphate (Sandpiper Project)

-  Agronomic evaluation progress Report by the International Fertiliser Development Center (IFDC), Florida, (USA)
-  Updated Definitive Feasibility Study confirms improved potential of the Sandpiper Marine Phosphate Project

Mehdiabad Project

-  Negotiations continued with the Iranian stakeholders

Corporate (post reporting period)

-  Mawarid Mining LLC lodges an on market bid for UCL Resources Limited
-  Mawarid Mining LLC to provide UCL Resources Limited with a A$3.1 million debenture facility
-  Mawarid Mining LLC holds a relevant interest of more than 50% in UCL Resources Limited


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