14 December 2012
ASX/ Media Release

CANCELLATION OF RIGHTS ISSUE

The Directors of UXA Resources Limited (ASX:UXA) wish to advise that they have resolved to cancel the Company's non-renounceable pro rata rights offer to shareholders with immediate
effect. At the date of this announcement the Company had not received any applications for shares or any application monies under the Rights Issue. Any future application monies received will be refunded to applicants and no shares will be issued under the Rights Issue.
The Board has made this decision to enable the Company's annual financial accounts to be first lodged with ASIC and ASX so that shareholders are better informed. The annual accounts, when lodged, will contain additional information that has not been provided in the Rights Issue Offer Document lodged with ASX on 5 December 2012 or other documents released to ASX.
Once the annual financial accounts have been lodged, the Company will look to offer a revised entitlement issue to shareholders.
The Rights Issue Offer Document also contained a Cleansing Issue to facilitate the on sale of UXA shares issued whilst the Company has been suspended from ASX. By cancelling the Right Issue the Company is also cancelling the Cleansing Issue. UXA expects to lodge a new Cleansing Issue Prospectus soon after the lodging of the annual accounts to facilitate the on-sale of these securities.
The Company is continuing with its strategy of the re-structuring of UXA, to reduce debt and re- finance the company through a combination of assets sales and capital raisings. The re- structuring will allow UXA to finalise its financial accounts and focus on its core business of mineral exploration, particularly at the highly prospective Mundi Plains lead zinc silver and Commonwealth Hill gold projects.
For further information contact:

Graham Seppelt Company Secretary Or

Dr Russell Penney

Managing Director.

Tel: +61 8 8363 7970
Email: info@uxa.com.au
Website: www.uxa.com.au

43a Fullarton Road Kent Town SA 5067 Australia T: +61 8 8363 7970 F: +61 8 8363 7963 E: info@uxa.com.au W: www.uxa.com.au

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