$1.25 Mil Cap RaisingTORIAN TO PROCEED WITH $1.25M CAPITAL...

$1.25 Mil Cap Raising

TORIAN TO PROCEED WITH $1.25M CAPITAL RAISING

? APPOINTMENT OF NOVUS CAPITAL AS FINANCIAL ADVISOR & BROKER
? IN RELATION TO PROPOSED CAPITAL RAISING OF $1,250,000

Torian Resources NL (ASX:TNR) announces it has entered a mandate agreement with Novus Capital Limited whereby Novus will provide advice on capital raising, investor relations and assist on a best endeavours basis with raising an initial $500,000 by way of placement or convertible note and thereafter assist with a rights issue or similar with a minimum target of $750,000.

Torian is proceeding to settle the agenda for special general meeting proposed to be held on Wednesday 17 October 2012 to approve the fund raisings and refresh its 15% capacity.