AERIS RESOURCES LIMITED — Capital/Financing Update 2019

Jan 7, 2019

8 January 2019

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ASX/MEDIA RELEASE

AERIS RESOURCES LIMITED (ASX: AIS)

NEW TRITTON EXPLORATION TENEMENT EXTENDS GEOLOGICAL CORRIDOR

Key Points:

• New exploration licence (EL8810) granted to Tritton Resources Pty Ltd (100%)

• EL8810 adjoins the highly prospective Tritton tenement package (750,000 tonnes of copper discovered to date)

• 115km stratigraphic corridor on Tritton tenement package interpreted to continue for additional 40kms into EL8810

Aeris Resources Limited (ASX: AIS) ( Aeris or the Company ), is pleased to announce that an application has been approved by the NSW Department of Planning and Environment (Resources and Geoscience sub‐division) granting Aeris a new exploration tenement (EL8810).

EL8810 is located adjacent to the north‐west corner of the current Tritton tenement package. This new tenement covers an area of 296km[2] , bringing the total Tritton tenement package to 2,160km[2] .

Over 750,000 tonnes of copper, including the current Mineral Resource deposits[1] on the Tritton tenement package, have been discovered within a 50 kilometres long corridor adjacent to a stratigraphic unit referred to as the Budgery Sandstone. Geological mapping completed in 2017 extended the known extents of the Budgery Sandstone unit a further 65 kilometres through the northern half of the existing Tritton tenement package ( refer to ASX announcement Company Update 23 July 2018 ).

The Budgery Sandstone unit has been interpreted to continue a further 40 kilometres north beyond Tritton’s tenement package into an area now covered by EL8810 (Figure 1). Exploration activities within EL8810 will commence in CY 2019, initially focusing on historical data compilation and geological mapping over the tenement.

1 30 June 2018 Mineral Resource 20.7Mt @ 1.5% Cu for 310kt Cu metal.

Figure 1: Plan view of the Tritton tenement package showing the newly acquired EL8810 and the recently completed airborne EM survey (December 2018) over the northern extent of the current Tritton tenement package.

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ENDS

For further information, please contact: Mr. Andre Labuschagne Executive Chairman Tel: +61 7 3034 6200, or visit our website at www.aerisresources.com.au

Media:

Peta Baldwin Cannings Purple Tel: 0455 081 008 pbaldwin@canningspurple.com.au

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