ANDROMEDA METALS LIMITED — Capital/Financing Update 2015

Sep 28, 2015

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29 September 2015

Company Announcements Office Australian Securities Exchange Limited PO Box H224 Australia Square NSW 1215

Notice under ASIC Class Order (09-425)

Adelaide Resources Limited (ACN 061 503 375) (ASX: ADN ) (the Company ) gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) that:

1. the Company will issue New Shares under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001;

2. this notice is provided in accordance with ASIC Class Order (CO 09/425) (share and interest purchase plans);

3. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Act as they apply to ADN; and

   • b) section 674 of the Act.

4. as at the date of this notice, there is no information:

   • a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

   • b) that investors and their professional advisors would reasonably require, and would reasonably expect to find in a disclosure document, for the purpose of making an informed assessment of:

     • i) the assets and liabilities, financial position and performance, profits and losses and prospects of ADN; or

     • ii) the rights and liabilities attaching to the New Shares.

Yours sincerely

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Chris Drown Managing Director