ARUMA RESOURCES LIMITED — Capital/Financing Update 2016

Apr 5, 2016

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Aruma Resources Limited

ABN 77 141 335 364 ASX: AAJ

ASX ANNOUNCEMENT 6 April 2016

GLANDORE JOINT VENTURE

Glandore Gold Project Farm Out and Joint Venture

• Southern Gold Limited sign agreement to earn up to 90% of North Glandore

• Up to $1.2 million to be spent by Southern Gold Limited over 3 years

• Aruma can elect to participate at either 25% or 10% of the project

• Aruma can revert to a 1.25% NSR royalty at a 10% interest

Gold and copper explorer Aruma Resources Limited (“Aruma”) (ASX: AAJ) is pleased to advise that it has entered into a farm-out and joint venture agreement with Southern Gold Limited (“Southern”) (ASX:SAU) over 14 of Aruma’s Glandore gold project tenements (see Appendix 1). Southern can earn up to a 90% interest through exploration expenditure of $1.2 million over 3 years. Aruma is to receive a cash payment of $100,000 by 15 April 2015 and Southern is to spend a minimum of $300,000 on exploration in the first year.

The agreement covers an area of 28.7 km[2] of contiguous tenements located adjacent to Southern’s Bulong Gold Project and their nearby Cannon Gold Mine and hosts significant zones of near surface mineralisation identified by Aruma and previous explorers.

Three high priority prospects, Supergene Zone, Axial Planar and Central Fault have significant near surface drill intersections identified which will be the focus of near term resource evaluation and exploitation (See Figure 1). This is possible as the prospects are on granted mining leases and close to infrastructure.

The summary terms of the agreement between Southern and Aruma’s wholly owned subsidiary are:

• Southern to make a cash payment of $100,000 with 10 business days of 1 April 2016;

• Southern can earn up to 90% by expending a further $1.2 million in three tranches within three years:

  • Tranche 1 – a minimum spend of $300,000 in year 1 to earn a 50% interest;

  • Tranche 2 – a further $400,000 expenditure in year 2 to earn an additional 25% (for a total of 75%) at which point Aruma can elect to contribute;

  • Tranche 3 – if Aruma elects not to contribute at 25%, Southern can spend a further $500,000 in year 3 to earn an additional 15% (for a total of 90%).

Aruma Resources Limited

T +61 8 9321 0177 I F +61 8 92263764 I W www.arumaresources.com

ABN 77 141 335 364 ASX: AAJ Level 1, 6 Thelma St, West Perth WA 6005 Locked B ag 2000, Nedlands WA 6909, Australia

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ABN 77 141 335 364 ASX: AAJ

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Aruma Resources Limited

ASX ANNOUNCEMENT 6 April 2016

• Once Southern has earned 90% Aruma can elect to contribute to the joint venture, sell its interest or convert the interest to a 1.25% net smelter return type royalty.

This agreement will allow Aruma to focus on identifying suitable new opportunities as well as ongoing exploration on other projects in the portfolio, including the Glandore southern blocks and Clinker Hill which contain several historic intersections of highly anomalous assays.

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Figure 1: Glandore Joint Venture Leases over Geology with targets

Aruma Resources Limited

T +61 8 9321 0177 I F +61 8 92263764 I W www.arumaresources.com

ABN 77 141 335 364 ASX: AAJ Level 1, 6 Thelma St, West Perth WA 6005 Locked B ag 2000, Nedlands WA 6909, Australia

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Aruma Resources Limited

ABN 77 141 335 364 ASX: AAJ

ASX ANNOUNCEMENT 6 April 2016

For further information please contact: Peter Schwann Managing Director Aruma Resources Limited Mobile: +61 417 946 370 info@arumaresources.com

Competent Person’s Statement

The information in this release that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Schwann who is a Fellow of the AIG and Aus. I. M. Mr Schwann is Managing Director and a full time employee of the Company. Mr Schwann has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve’. Mr Schwann consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

Appendix 1: Tenements Included in Joint Venture

M25/327	P25/2103
M25/329	P25/2117
M25/330	P25/2118
P25/2073	P25/2119
P25/2074	P25/2154
P25/2075	P25/2215
P25/2076	P25/2216

Aruma Resources Limited

ABN 77 141 335 364 ASX: AAJ Level 1, 6 Thelma St, West Perth WA 6005 Locked B ag 2000, Nedlands WA 6909, Australia

T +61 8 9321 0177 I F +61 8 92263764 I W www.arumaresources.com

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