ALDORO RESOURCES LIMITED — Capital/Financing Update 2018

Sep 10, 2018

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ASX ANNOUNCEMENT

7 September, 2018

STATEMENT OF CAPITAL STRUCTURE

The capital structure of Aldoro Resources Limited (ACN 622 990 809) ( Company ) following completion of the acquisitions and the issue of securities pursuant to the prospectus dated 15 June 2018 ( Prospectus ) is set out below.

	Maximum Number
Shares on issue as at the date of the Prospectus2	7,000,001
Shares issued pursuant to the Offer	25,000,000
Shares issued pursuant to Gianni Agreement3	625,000
Shares issued pursuant to Blue Ribbon Agreement4	1,000,000
Shares issued pursuant to Jindalee Agreement5	900,000
Total Shares on completion of the Offer	34,525,001

Notes:

1. The rights attaching to the Shares are summarised in Section 8.2 of the Prospectus.

2. The Shares currently on issue comprise 7,000,001, with 1 Share issued on incorporation at an issue price of $1.00, 4,500,000 Shares were issued on 1 June 2018 at an issue price of $0.01 each and 2,500,000 Shares were issued on 12 June 2018 at an issue price of $0.10 each to seed capital investors to fund acquisition costs, the listing costs and initial working capital requirements of the Company. These Shares were issued at a discount to the issue price of the Shares offered pursuant to the Offer to reflect the increased risk associated with an investment in the Company at the time of issue of the seed capital.

3. Refer to Section 7.1 of the Prospectus for a summary of the Gianni Agreement.

4. Refer to Section 7.2 of the Prospectus for a summary of the Blue Ribbon Agreement. Under the Blue Ribbon Agreement, the Company will issue:

5. (a) an additional 1,000,000 Shares upon grant of any of the Karlgarin Tenements; and

6. (b) an additional 1,000,000 Shares upon grant of any of the Cathedrals Tenements.

7. Refer to Section 7.2 of the Prospectus for a summary of the Jindalee Agreement. Under the Jindalee Agreement, the Company will issue an additional number of Shares equal to the greater of:

8. (a) that number of Shares with a value of $500,000 at a deemed issue price equal to the 5-day volume weighted average price of Shares prior to the date of grant; and

9. (b) 1,250,000 Shares,

upon the delineation of a JORC Code compliant mineral resource for any mineral other than gold.

Suite 2, 1 Altona Street, West Perth WA 6005 E: contact@aldororesources.com W: aldororesources.com

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For and on behalf of the Board,

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Sarah Smith Company Secretary

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