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ADAVALE RESOURCES LIMITED Share Issue/Capital Change 2012

Aug 1, 2012

64300_rns_2012-08-01_3e8c3994-d19b-445c-8d9b-65f7604ea8df.pdf

Share Issue/Capital Change

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----- Start of picture text ----- A.B.N . 91 008 719 015----- End of picture text -----

2 August 2012

Company Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Exercise of Options

Adavale Resources Limited (ASX Code: ADD) (the Company) wishes to advise that 16 options have been exercised and the Company has issued 16 shares. The issued share capital of the Company after the issue of the shares will be 316,990,035.

The Company makes an application to the ASX for the quotation of those 16 shares; see the Appendix 3B lodged today.

Adavale Resources Limited Sylvie Dimarco Company Secretary

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Address: U8-9 Forrest Street Cottesloe, Perth, Western Australia, Australia 6001 l Postal Address: PO Box 968, Cottesloe, Perth, Western Australia, Australia 6911. Telephone: (08) 9467 2049 l Facsimile: (08) 9286 2900 l Email: [email protected] l Website: www.adavaleresources.com.au