Loan facility and related party transaction

29 May 2013

Brady Exploration plc

("Brady" or the "Company")

Loan facility and related party transaction

The Board of Brady, the natural resources focused investment company, announces that, on 11 September 2012, the Company received an informal loan from Paternoster Resources plc ("Paternoster"), the Company's largest shareholder (with an interest in 27.4% of the Company's issued share capital) (the "Loan"). Nicholas Lee, a Non-Executive Director of the Company, is Executive Chairman of Paternoster.

The Loan, which was unsecured and bore no interest, was fully repaid on 1 October 2012. The Loan was provided by Paternoster to the Company to facilitate part of the settlement of the purchase of shares in a number of quoted natural resources companies by the Company. The amount advanced by Paternoster under the Loan was £90,000. Due to an administrative oversight by the Company details of the Loan were not announced at the time of it being provided.

As Paternoster is a substantial shareholder of Brady, as defined under the AIM Rules for Companies, the size of the Loan was such that it constituted a related party transaction under Rule 13 of the AIM Rules for Companies. Alex Borrelli, the independent director for the purposes of the Loan, having consulted with the Company's nominated adviser, Allenby Capital Limited, considers the terms of the Loan to be fair and reasonable insofar as shareholders of Brady are concerned.

For further information on the Company, please visit: www.bradyexploration.com or contact: