ASARA RESOURCES LIMITED — Share Issue/Capital Change 2019

Jan 23, 2019

ASX/Media Announcement 24 January 2019

Cleansing Notice

Golden Rim Resources Ltd (ASX: GMR, Company ) today issued a total of 10,419,673 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.0153 per Share to Ausdrill International Pty Ltd. This issue was approved by shareholders at the Company’s Annual General Meeting held on 29 November 2018. The Shares are in a class of securities quoted on the Australian Securities Exchange ( ASX ).

Secondary Trading Notice

The Corporations Act 2001 (Cth) ( Act ) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under 708 or 708A of the Act. By the Company giving this notice, sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

1. the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. this notice is given pursuant to paragraph 5(e) of section 708A of the Act;

3. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

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 advisers would reasonably require for the purpose of making an informed assessment of:

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

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

-ENDS-

Contact Information

Hayley Butcher

Golden Rim Resources Ltd General Manager Corporate & Company Secretary +61 409 880 009 E: info@goldenrim.com.auW:goldenrim.com.au

Golden Rim Resources Ltd I ABN 39 006 710 774 I Office 7, Level 2, 609 Canterbury Road, Surrey Hills, VIC 3127, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 3 9836 4146

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