Announcement - Execution of Term Sheet for purchase of TTR

Manuka is pleased to announce that it has entered into a Binding Term Sheet for the purchase (subject to Manuka shareholder approval) of emerging vanadiferous titanomagnetite iron sands producer Trans- Tasman Resources Limited. • Manuka will acquire all of TTR for the issue of up to approximately 180 million new Manuka shares1. 180 million new Manuka shares 1 . • Certain highly experienced TTR exe