ASF GROUP LIMITED — Capital/Financing Update 2019

Dec 30, 2019

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Rey varies loan agreement with ASF Group Limited

Rey Resources Limited ( Rey or the Company ) is pleased to advise that the Company has agreed with ASF Group Limited ( ASF ) to reduce the facility amount for its loan facility with ASF ( Loan Facility ) from $3,800,000 to $2,000,000. The parties have also agreed to extend the maturity date for the Loan Facility from 31 December 2019 to 31 March 2020.

All other terms and conditions of the Loan Facility remain the same.

Authorised by: Board of Rey Resources Limited

For further information please contact:

Wei Jin

Managing Director +61 2 9290 9600

Registered Office: Suite 5, 62 Ord Street, West Perth WA 6005 Tel: +61 (08) 9322 1587 Fax: +61 (08) 9322 5230 Website: www.reyresources.com