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ADAVALE RESOURCES LIMITED Capital/Financing Update 2016

Sep 8, 2016

64300_rns_2016-09-08_d13a1de0-5177-4a0e-af2e-52796ccf3f3d.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

09 September 2016

LAPSE OF OPTIONS

Adavale Resources Limited (ASX: ADD) advises that a total of 1,500,000 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
1,000,000	$1.40	31 July2016
500,000	$1.00	31 July2016

For and on behalf of Adavale Resources Limited

Leanne Ralph Company Secretary

Adavale Resources Limited C/- Boardworx Australia Pty Ltd, Level 9, 115 Pitt Street, Sydney NSW 2000 Postal address: GPO Box 3720, Sydney NSW 2001 Telephone: (02) 8263 0515 Website: www.adavaleresources.com.au