ADAVALE RESOURCES LIMITED — Capital/Financing Update 2019

Nov 21, 2019

Market Announcement

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22 November 2019

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Adavale Resources Limited (ASX: ADD) – Trading Halt

Description

The securities of Adavale Resources Limited (‘ADD’) will be placed in trading halt at the request of ADD, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 26 November 2019 or when the announcement is released to the market.

Issued by

Puja Patel

Adviser, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

22 November 2019 ASX Limited

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22 November 2019

Ms Puja Patel Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd 20 Bridge Street Sydney, NSW 2000

TRADING HALT REQUEST

Dear Ms Patel

Adavale Resources Limited (“Adavale” or “the Company”) requests a trading halt be granted by the ASX for its securities immediately.

For the purpose of Listing Rule 17.1, the Company provides the following information:

1. The trading halt is requested to assist the Company in managing its continuous disclosure obligations as the Company is seeking to raise capital under its LR 7.1 and LR 7.1A respective issue capacity.

2. The Company expects the trading halt will last until it makes an announcement to ASX concerning a capital raise, which it expects to make before the commencement of trading on Tuesday, 26 November 2019; and

3. The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely

Julian Rockett Company Secretary

For queries about this request please contact:

Julian Rockett, Company Secretary Ph: (02) 9251 1846

Julian.rockett@boardroomlimited.com.au