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ASARA RESOURCES LIMITED Capital/Financing Update 2017

Dec 17, 2017

64427_rns_2017-12-17_22457f6b-eebf-4f3e-a60e-79d32a53e2f8.pdf

Capital/Financing Update

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ASX/Media Announcement 18 December 2017

SERVICES FOR EQUITY ARRANGEMENT

Golden Rim Resources Ltd (ASX: GMR, Golden Rim , Company ) is pleased to advise that the Company has agreed to issue 1,333,333 fully paid ordinary shares in the Company ( Shares ) at an issue price of $0.045 per Share to Canadian broking firm, Eight Capital, as payment for the services they have provided to the Company to date.

Eight Capital is engaged by the Company to secure a corporate transaction for its Paguanta ZincSilver-Lead-Gold Project ( Paguanta ) in Chile (ASX announcement 2 August 2017).

The Shares will be issued under the Company’s placement capacity (Listing Rule 7.1) and therefore the issue is not subject to shareholder approval. The Company’s Secondary Trading Notice and Appendix 3B will follow shortly.

-ENDS-

Contact Information

Hayley Butcher Golden Rim Resources Ltd General Manager, Corporate & Company Secretary +61 0409 880 009

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 609 Canterbury Road, Surrey HillsVIC3127, Australia I PO Box 124, Surrey Hills VIC 3127, Australia www.goldenrim.com.au I [email protected] I T + 61 3 9836 4146