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ASARA RESOURCES LIMITED Capital/Financing Update 2017

Aug 15, 2017

64427_rns_2017-08-15_025d528b-dc25-40b3-829b-10a0cfb260b6.pdf

Capital/Financing Update

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ASX/Media Announcement

16 August 2017

NON-RENOUNCEABLE RIGHTS ISSUE SUPPLEMENTARY PROSPECTUS

Golden Rim Resources Ltd (ASX: GMR, Golden Rim , Company ) refers to its announcement of 9 August 2017 in which it announced and lodged a prospectus ( Prospectus ) for a nonrenounceable rights issue of 2 fully paid ordinary shares in Golden Rim ( New Shares ) for every 5 fully paid ordinary shares held at an issue price of $0.003 (0.3 cents) per New Share to raise up to approximately $2.5 million (before costs) ( Rights Issue ). For every 2 New Shares subscribed for, subscribers will also be offered one free attaching option exercisable at $0.005 (0.5 cents) each on or before 31 January 2019.

Supplementary Prospectus

The Company today lodged a supplementary prospectus for the Rights Issue primarily to update the financial information in Section 3.2 of the Prospectus from a 31 March 2017 balance date to a 30 June 2017 balance date ( Supplementary Prospectus ).

The Supplementary Prospectus should be read together with the Prospectus. The Company confirms that a copy of the Supplementary Prospectus will be dispatched to eligible shareholders with the Prospectus and application form this Friday, 18 August 2017.

- ENDS –

Contact Information

Hayley Butcher Richard Glass Golden Rim Resources Ltd Citadel-MAGNUS Company Secretary +61 8 6160 4902 +61 0409 880 009 [email protected]

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