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ALARA RESOURCES LIMITED Capital/Financing Update 2015

Jun 18, 2015

64461_rns_2015-06-18_b3399cb1-c18a-41e6-80b1-f8b9a95d4873.pdf

Capital/Financing Update

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Alara Resources Limited Telephone | +61 8 6323 5900 A.B.N. 27 122 892 719 Facsimile | +61 8 6323 5999 Level 3, 35 Havelock Street Web | www.alararesources.com West Perth WA 6005, Australia Email | [email protected] PO Box 1890 West Perth WA 6872

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ASX/MEDIA RELEASE

Friday, 19 June 2015

LAPSE OF UNLISTED OPTIONS

Perth: Alara Resources Limited (ASX: AUQ) ( Alara) advises that the following unlisted options have recently lapsed:

№ of LapsedOptions Date ofLapse Description of Lapsed Options ExercisePrice Date of Issue OriginalExpiry Date
3,333,334 19 June20151 $0.15 (21 November 2016) UnlistedManaging Director’s Options2 $0.15 22 November2013 21 November2016
3,333,333 19 May20153 $0.20 (21 November 2016) UnlistedManaging Director’s Options2 $0.20 22 November2013 21 November2016

The Company confirms the current total securities on issue as follows:

Class of Security ListedShares UnlistedOptions Total
Fully paid ordinary shares 248,007,500 - 248,007,500
$0.35 (22 August 2015) Unlisted Options4 - 400,000 400,000
$0.10 (15 January 2016) Unlisted Options5 - 10,000,000 10,000,000
**Total ** 248,007,500 10,400,000 258,407,500

– ENDS –

For further information, please contact:

Justin Richard T | +61 8 6323 5900 Managing Director E | [email protected] Victor Ho T | +61 8 6323 5900 Company Secretary E | [email protected]

1 Lapse of unexercised vested options one month after the retirement of the Managing Director

2 Terms and conditions of issue are set out in a Notice of Annual General Meeting and Explanatory Statement dated 10 October 2013 for an Annual General Meeting held on 22 November 2013 and in ASX Appendix 3B New Issue Announcement lodged on 28 November 2013

3 Lapse of unvested options immediately upon the retirement of the Managing Director

4 Terms and conditions of issue are set out in an ASX Appendix 3B New Issue Announcements lodged on 23 August 2010

5 Terms and conditions of issue are set out in a Notice of Meeting and Explanatory Statement dated 18 November 2013 for a General Meeting held on 16 January 2014 and in ASX Appendix 3B New Issue Announcement lodged on 21 January 2014

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ASX Code | AUQ