Transaction Update

Mentum Inc

("Mentum" or the "Company")

Transaction Update

Mentum notes the announcement released on 1 July 2014 on ASX (www.asx.com.au) under Robust Resources Limited ("Robust") (ASX: ROL) that Stanhill Capital Partners Holdings Limited and affiliates ("Stanhill") intend to make an offer for 100% of the shares in Robust (the "Offer").

Mentum also notes Robust's announcement of 2 July 2014 that Robust will make an announcement to ASX concerning its recommendations in relation to the Stanhill proposal in the near future.

As announced on 18 June 2014, Mentum has entered into an agreement with Robust to acquire Robust's Kyrgyz mining assets, as more fully described in Mentum's admission document of that date (the "Acquisition"). The Acquisition is subject, inter alia, to shareholder approval which is due to be considered at the Annual General Meeting called for 14 July 2014.

Mentum has received written confirmation from Stanhill that:

· Stanhill supports the Acquisition;

· should the Offer be successful Robust will abide by its contractual obligations to Mentum (including under the relationship agreement that it has entered into); and

· Stanhill supports Mentum's future plans, management team and arrangements as set out in the admission document.

Further, David King and Gary Lewis, the proposed Chairman and proposed Executive Director of the Company respectively, have confirmed that their roles on the Board of Mentum following the Acquisition will be unaffected by the outcome of the Offer.

Further Enquiries:

Mentum Inc.

Peter Moss

+44 20 3301 9331

finnCap Ltd (Nomad)

Matthew Robinson/Grant Bergman

+44 20 7220 0500

Peterhouse Corporate Finance Limited (Corporate Broker)

Heena Karani

+44 20 7469 0936