ADAVALE RESOURCES LIMITED — Capital/Financing Update 2014

Jul 31, 2014

A.B.N . 96 008 719 015

**ASX

ANNOUNCEMENT**

1 August 2014

_**LAPSE

OF OPTIONS**_

Adavale Resources Limited (ASX: ADD) advises that a total of 115,697,863 unlisted options to acquire fully paid ordinary shares in the Company have lapsed by virtue of them not be exercised prior to the expiry date. Details of the lapsed options are:

Number of Options	Exercise Price	Expiry Date
20,000,000	$0.05	31 July2014
65,697,863	$0.04	31 July2014
30,000,000	$0.04	31 July2014

**For

and on behalf of Adavale Resources Limited**

Leanne Ralph Company Secretary

Adavale Resources Limited C/- Boardworx Australia Pty Ltd, Level 5, 151 Castlereagh Street, Sydney NSW 2000 Postal address: GPO Box 3720, Sydney NSW 2001 Telephone: (02) 8263 0515 Website: www.adavaleresources.com.au