ARDEA RESOURCES LIMITED — Capital/Financing Update 2017

Feb 6, 2017

Notice

Notice reference number 0118.17.02

Notice date: 7/02/2017

What’s this about?

Effective date: 9/02/2017

==> picture [507 x 108] intentionally omitted <==

----- Start of picture text -----  ASX Trade ASX 24 ASX TECH Trading Clearing Settlement ALC ASX NETOperations Technology Market Data Rules  Compliance Risk  OtherTitle----- End of picture text -----

Ardea Resources Limited – Admission and Commencement of Official Quotation

Description

Ardea Resources Limited (“Company”) was admitted to the Official List of ASX Limited (“ASX”) on Tuesday, 7 February 2017.

Official quotation of the Company’s securities will commence at 1:00pm AEDT (10:00am WST) on Thursday, 9 February 2017.

The Company raised $5,099,825.20 pursuant to the offer under the prospectus dated 9 November 2016 (“Prospectus”) by the issue of 25,499,126 fully paid ordinary shares (“Shares”) at an issue price of $0.20 per Share.

Quoted Securities: 61,950,196 fully paid ordinary shares ASX Code: ARL Time: 1:00 PM AEDT (10:00 AM WST) Date: Thursday, 9 February 2017 ASX Trade Abbreviation: ARDEARES ISIN: AU000000ARL4 Home Branch: Perth Industry Classification: TBA Registered Office: Level 1 7 Havelock Street West Perth WA 6005 Company Secretary: Robert (Sam) Middlemas Share Registry: Security Transfer Australia Pty Ltd Suite 1, 770 Canning Highway Applecross WA 6153 Ph: +61 8 9315 2333 Fax: +61 8 9315 2233 Balance Date: 30 June

CHESS: Participating. The Company will also operate an issuer sponsored sub-register

1/2

(continued)

ASX Notice

Place of Incorporation: Western Australia

Dividend Policy: See page 21 of the Prospectus for further details Activities: Gold and nickel exploration and development Lead Manager Euroz Securities Limited ASX Restricted Securities: 5,050,551 fully paid ordinary shares, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from the date of official quotation

12,310,022 unquoted options exercisable at $0.25 each on or before 9 February 2020 classified by ASX as restricted securities and to be held in escrow for a period of 24 months from the date of official quotation

What do I need to do and by when?

Instructions

Please refer to the Prospectus and the Company’s website for further information

Need more information?

Issued by Contact Details Sandra Wutete (08) 9224 0000

2/2