27 October 2014 Australian Sapphire Corporation (the "Company") Issue of Equity The Directors of Australian Sapphire Corporation are pleased to announce that 5,000 new Ordinary Shares were today allotted to the Quro Trust in accordance with a consulting Agreement. For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital at the date of this notice is 160,007,500 ordinary shares. The total number of voting rights in the Company is therefore 160,007,500. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules. The Directors take responsibility for this announcement. For further information: Australian Sapphire Corporation Joseph Segelman, Director Tel: +1213 457 3772