ADAVALE RESOURCES LIMITED — Share Issue/Capital Change 2017

Aug 6, 2017

A.B.N . 96 008 719 015

**ASX

ANNOUNCEMENT**

07

August 2017

**Disclosure

Notice Under Section 708A(5)(e) of the** Corporations Act 2001 (Cth)

Adavale Resources Limited ( Adavale ) ( Company ) gives this noted under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On 04 August 2017, Adavale issued 10,549,781 fully paid ordinary shares ( Shares ) to a nominee of Addchance Holdings Ltd under a Standby Subscription Agreement.

Adavale advises that:

• (a) the Shares were offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act and without a Product Disclosure Statement for them being prepared;

• (b) this notice is being given under section 708A(5)(e) of the Corporations Act;

• (c) as at the date of this notice the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act as it applies to the Company; and

• (d) as at the date of this notice, there is no excluded information of the type referred to in subsections 708A(7) and 708A(8) of the Corporations Act.

For and on behalf of Adavale Resources Limited

==> picture [91 x 53] intentionally omitted <==

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