AUSQUEST LIMITED — Capital/Financing Update 2017

Oct 3, 2017

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4 October 2017

Australian Securities Exchange Level 40, Central Park 152 – 158 St George’s Terrace Perth WA 6000

By electronic lodgement

Dear Sir/ Madam

EXTENSION OF EXISTING LOAN AND CONVERTIBLE NOTE AGREEMENT

AusQuest Limited (ASX code: AQD) advise that it has agreed an extension of the maturity date on the existing $750,000 Loan and Convertible Note Agreement previously entered into with Mr Christopher Ellis, a director and substantial shareholder of the Company.

The maturity date has been extended from 5 April 2018 to 5pm WST on 30 November 2018.

Key terms of the Loan and Convertible Note Agreement were announced on 5 October 2016 and remains unchanged, other than noted above.

Henko Vos

Company Secretary

AusQuest Limited 8 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892 www.ausquest.com.au