ASF GROUP LIMITED — Capital/Financing Update 2017

Oct 11, 2017

==> picture [596 x 217] intentionally omitted <==

----- Start of picture text ----- 12 OCTOBER 2017----- End of picture text -----

$1 million loan facility

Rey Resources Limited (“Rey” or “the Company”) is pleased to announce that the Company has entered into a Loan Facility Agreement (“Loan Facility”) with ASF Group Limited (“ASF”). Pursuant to the Loan Facility, ASF will provide up to $1 million in standby funding under which Rey can draw down as required, to fund its exploration activities and general working capital.

Interest will accrue daily at a rate of 12% per annum. Repayment of the loan facility is due on 11 October 2018, or earlier at ASF’s election and upon 3 months’ notice to Rey.

As at the date of this announcement, ASF is interested in approximately 16.31% of the issued share capital of Rey.

For further information please contact:

Wei Jin

Managing Director +61 2 9290 9600