ADAVALE RESOURCES LIMITED — Share Issue/Capital Change 2018

Dec 10, 2018

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11 December 2018

Company Announcements Platform ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam,

Re: Adavale Resources Limited (ASX: ADD) - Disclosure Notice Under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by Adavale Resources Limited ( Adavale ) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On 11 December 2018, Adavale issued 21,041,668 fully paid ordinary shares.

Adavale advises that:

(a) the Offer Securities were offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act and without a Product Disclosure Statement for the Offer Securities 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 the Board.

Julian Rockett

Company Secretary