ASTRON LIMITED — Capital/Financing Update 2016

Oct 3, 2016

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4 October 2016

EPC contract: Donald Mineral Sands Project Mining Unit Plant (MUP) and Wet Concentration Plant (WCP): extension for date to satisfy conditions precedent until 1 May 2017

On 13 October 2015 Astron Corporation Limited (ASX:ATR) (“Astron” or “Company”) announced that its subsidiary Donald Mineral Sands Pty Ltd, entered into an EPC (engineering, procurement and construction) contract with the China Machinery Engineering Corporation (“CMEC”).

As was previously announced, under the contract, the parties had 10 months to satisfy these conditions, however the contract has a mechanism for extending this period up to 12 months. Significant progress has been made to date in progressing towards satisfying the conditions precedent however these have not yet been completed.

The parties have now agreed to extend the time for satisfying the relevant conditions precedent until 1 May 2017.

DMS and CMEC will continue working towards satisfying the conditions precedent.

Astron Corporation Limited

Registered Office: 16[th] Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong

www.astronlimited.com