ALTAMIN LIMITED — Capital/Financing Update 2017

Jun 25, 2017

26 June 2017

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Dear Optionholder

Rights Issue – Notice to Optionholders

As announced today, Energia Minerals Limited ( ASX: EMX ) ( Company ) is proceeding with a prorata non-renounceable rights issue to raise up to approximately $3.132 million before associated costs of the issue ( Rights Issue ).

Details of the Rights	Details of the Rights	Details of the Rights	Details of the Rights	This Rights Issue entitles eligible shareholders to subscribe for 2 fully paid
Issue				ordinary shares for every5 shares held at 7.00pm (AEST) on29 June2017
				(Record Date) at an issue price of $0.01 (1 cent) per share.
				The Rights Issue will be made without disclosure to investors, in
				accordance with section 708AA of the Corporations Act 2001 (Cth), as
				notionally modified by ASIC Corporations Instruments 2016/73 and
				2016/84.
**Can **	you participate			As an optionholder you are not entitled to participate in the Rights Issue.
as an	optionholder?
**What **	if you want to			For you to participate in the Rights Issue, you must exercise any options
participate		in	the	(subject to the terms of the options) and be registered as an eligible
Rights Issue?				shareholder before 7.00pm (AEST) on the Record Date.
				You should carefully consider your personal circumstances and the Rights
				Issue offer document (Offer Document) before deciding whether to
				exercise your options. If you are unsure what action you should take or
				have any questions about the Rights Issue, you should contact your
				stockbroker, accountant or other professional adviser. Specifically, you will
				need to consider the terms of any restriction agreements that relate to your
				options and how they impact your rights to exercise.
**What **	will happen if			If you do not want to exercise your options and participate in the Rights
you	don’t	exercise		Issue, then you can continue to hold the options in accordance with their
your options?				terms.

Further details of the Rights Issue are set out in the announcement and Offer Document released today, 26 June 2017, which will be available at www.asx.com.au or from the Company’s website, www.energiaminerals.com, for information purposes only.

Yours faithfully

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Alexander Burns

Executive Chairman/Chief Executive Officer

3477-2839-5011v6