Mr. Thomas Rabone reports

ANTIPODES GOLD: FINANCING UPDATE

Antipodes Gold Ltd. has withdrawn its non-brokered private placement (refer to news release of May 8, 2014), while it pursues new financing options through company restructuring.

With the capital markets for junior gold explorers remaining strongly depressed, the company is seeking alternative financing options to maintain and realize the value of its key gold assets. This includes a continuing discussion between Antipodes Gold and an eligible third party to achieve an effective restructuring. While these preliminary discussions have held real promise to date, further due diligence is to be undertaken, and the terms of any prospective deal remain to be determined. Shareholder approval will likely be required for any such agreement to be finalized. There is no certainty that any transaction will be completed.

The company will continue to actively pursue this encouraging opportunity, plus other financing options, and will inform the market of any substantive developments.