ASF GROUP LIMITED — Capital/Financing Update 2020

Jun 8, 2020

ASX ANNOUNCEMENT

9[th ] June 2020

ACQUISITION OF TENEMENTS IN QUEENSLAND

ASX Code: AIV

Issued Capital

177,228,401 ordinary shares (AIV)

Market Capitalisation $23.04M (5 June 2020, $0.13)

Directors

Min Yang (Chairman, NED) Mark Derriman (Executive Director) Geoff Baker (NED) Dongmei Ye (NED) William Kuan (Company Secretary)

About ActivEX

ActivEX Limited is a minerals exploration company committed to the acquisition, identification, and delineation of new resource projects through active exploration.

The ActivEX portfolio is focussed on copper and gold projects, with substantial tenement packages in the north and southeast Queensland and in the Cloncurry district of northwest Queensland.

The Company also has an advanced potash project in Western Australia where it is investigating optimal leaching methods for extraction and production of potash and by-products.

Suite 2, 3B Macquarie Street Sydney, NSW 2000

The Company is pleased to announce that it has finalised a Sale and Purchase Agreement with unlisted Queensland company Civil and Mining Resources Pty Ltd ( CMR ), a subsidiary of ASF Group Limited (ASX:AFA), over nine (9) 100% owned thermal and metallurgical coal tenements (Table 1) located in Queensland, approximately 100km west of Townsville at a consideration of A$75,000.

The tenements are located west of Mackay and south west of Rockhampton within the premier Bowen and Surat Coal Basins (Figure 1) and AIV will hold 100% of the tenements upon completion of the transaction.

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admin@activex.com.au www.activex.com.au Phone +61 (02) 9251 9088

ABN 11 113 452 896

1 l Ph (02) 9251 9088 l www.activex.com.au

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Figure 1 CMR Project Location Map

2 l Ph (02) 9251 9088 l www.activex.com.au

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The Company looks forward to advancing the nine (9) coal tenements by commencing field based exploration as per work programs submitted to the DNRME.

					Sub-		EA Number
Tenure	Project	Grant	Expiry	Location	blocks	Sq Km
EPC2360	DENISON CREEK	14/01/2014	13/01/2021	22KM NE OF NEBO	17	54.4	EPSX00534013
EPC2386	LONESOME CREEK	28/11/2013	27/11/2020	SW OF BILOELA	36	115.2	EPVX02245914
EPC2387	BILOELA SOUTH	28/11/2013	27/11/2020	SW OF BILOELA	38	121.6	EPSX00547213
EPC2390	STYX	4/03/2015	3/03/2025	74KM NW ROCKHAMPTON	42	134.4	EPSX00532413
EPC2392	MOUNT LORNE	22/04/2015	21/04/2025	20KM W OGMORE	46	147.2	EPSX00526113
EPC2421	CRACOW WEST	18/03/2014	17/03/2021	6KM SW CRACOW	7	22.4	EPVX02245714
EPC2432	CARNARVON	31/10/2013	30/10/2020	55KMS N OF INJUNE	30	96	EPSX00538913
	MOUNT
EPC2451	PATTERSON	22/04/2015	21/04/2025	60KM W OF GLENDEN	31	99.2	EPSX00544513
EPC2459	RIVERVIEW	2/05/2014	1/05/2021	EAST OF PENTLAND	69	220.8	EPSX00544613

Table 1 CMR Queensland Coal tenement schedule

Authorised by the Board of ActivEX Limited

For further information contact: Mr Mark Derriman, Executive Director or William Kuan, Company Secretary

3 l Ph (02) 9251 9088 l www.activex.com.au