ADAVALE RESOURCES LIMITED — Share Issue/Capital Change 2019

Feb 12, 2019

==> picture [118 x 54] intentionally omitted <==

13 February 2019

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 ).

This morning the Company issued 6,250,000 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