ACROW LIMITED — Capital/Financing Update 2016

Apr 11, 2016

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12 April 2016

The Manager Company Announcements Australian Securities Exchange Level 5, 20 Bridge Street Sydney NSW 2000

By Electronic Lodgement

Dear Sirs

Issue of Securities pursuant to Prospectus

The Board of Noble Mineral Resources Limited ( Company ) is pleased to advise that it has issued and allotted the following securities pursuant to the prospectus dated 23 February 2016:

• 300,000,000 fully paid ordinary shares; and

• 105,000,000 unlisted options.

Holding statements will be despatched shortly.

Following the issue and allotment of the securities noted above, the capital structure of the Company is at present:

Type of securities	No. of
	securities
Fully paid ordinary shares	313,328,147
Unlisted options, each exercisable at $0.01 per option, expiring 30 June 2018	75,000,000
Unlisted and unvested options, which vest once the 20 day VWAP of the Company’s	15,000,000
shares is $0.02 or above, each exercisable at $0.01 per option, expiring on 12 April 2019
Unlisted and unvested options, which vest once the 20 day VWAP of the Company’s	15,000,000
shares is $0.03 or above, each exercisable at $0.01 per option, expiring on 12 April 2021

For any questions, please contact the undersigned on +61 2 8072 1400.

Yours faithfully

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Andrew Whitten Company Secretary