Cradle Resources : Sophisticated Investor Report on CXX and The Niobium Sector

26 November 2014 ASX Release ASX Code: CXX, CXXO S O P H I S T I C A T E D I N V E S T O R R E P O R T O N C R A D L E R E S O U R C E S L I M I T E D A N D T H E N I O B I U M S E C T O R

Cradle Resources Limited ("Cradle" or "Company") is pleased to announce the publication of a research report by The

Sophisticated Investor ("TSI"), covering the Company and the niobium market in general.

The report, delivered in video form, is available to view at the Company's website - http://www.cradleresources.com.au/investors.asp?ref=webcasts

Cradle commissioned TSI to produce the report in order to better inform and educate investors about the Company and the niobium sector.

The report covers:

 Panda Hill Niobium Project Overview

 What is Niobium

 Panda Hill Niobium Exploration Overview

 Management Interviews with key personnel - Craig Burton, Chairman; Grant Davey, Managing Director; Keith Bowes, Project Director and Neil Inwood, Resource Geologist

 Company Valuation Analysis

 Comparison with Niobec Transaction

Disclaimer

The information in the Research Report is produced by a third party (Third Party Information). Cradle Resources Limited commissioned The Sophisticated
Investor to conduct this Research Report. It may contain information about the activities of Cradle Resources Limited and its subsidiaries (Group) but it
does not purport to be a completed description of the Group and/or its various business activities. No representation or warranty, express or implied, is made by any person including Cradle Resources Limited or its directors, officers, employees, advisers, agents or affiliates as to the fairness, accuracy, completeness, or correctness of the information, opinions and conclusions contained in this Third Party Information, or as to the reasonableness of any assumptions, forecasts, prospects or returns contained in, or implied by, this Third Party Information or any part of it. Cradle Resources Limited assumes no liability and has no obligation to tell recipients if it becomes aware of any inaccuracies in or omissions from Third Party Information. Except for statutory liability which may not be excluded, no responsibility is accepted by Cradle Resources Limited or any of its directors, officers, employees, advisers, agents or affiliates for any loss or damage howsoever occurring (including through negligence) resulting from the access, use or reliance upon any Third Party Information by any person, and any such access, use or reliance is solely at your own risk. You are responsible for forming your own opinions and should seek your own independent professional advice in relation to Third Party Information. In particular, you are cautioned not to place undue reliance on any forward-looking statements, forecasts or views as to prospects in any Third Party Information, as there can be no assurances that actual outcomes will not differ materially from such forward-looking statements.

For further information, please visit www.cradleresources.com.auor contact:

Grant Davey Managing Director Tel: [phone]

Cradle Resources Limited

Level 7

1008 Hay Street

Perth WA 6000

T [phone]

F [phone]

E [e-mail]
www.cradleresources.com.au