BOA RESOURCES LTD — Capital/Financing Update 2014

Mar 17, 2014

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ASX Announcement - 18[th] March 2014

ASX Code: BOA

Drilling at Symons Hill on strike from Nova/Bollinger has commenced.

Boadicea Resources is pleased to advise that the Company’s first drill program at Symons Hill located five kilometres north of the Sirius Resources Nova discovery has commenced.

The Company’s licence (E28/1932) located in the Fraser Range is east of Norseman and approximately 200 kilometres south-east of Kalgoorlie in Western Australia and covers an area of 123 square kilometres.

The Licence is located immediately adjacent and on the north east trend of the licence held by Sirius Resources which contains the world-class Nova/Bollinger nickel/copper deposit.

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Boadicea Resources Ltd. ACN 149 582 687 Suite 2, 25 Koornang Rd. Carnegie, Victoria 3163 Australia. Phone: +61 3 95693467 Fax: +61 3 95723762 E: cdudley@access.net.au

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Based on the regional magnetics the Symons Hill licence contains the same sequence of rocks which host the Sirius Resources Nova/Bollinger nickel sulphide deposit.

Three lines of drilling are planned and are targeted on a combination of anomalous nickel geochemistry, airborne and ground based EM anomalies and zones of interest based on interpretation of the airborne magnetic datasets. Approximately 120 aircore holes for 5000 metres are planned and will be drilled to allow an understanding of the fresh bedrock and underlying geochemical trends to be established.

The program is expected to take approximately 3 weeks to complete, with analytical results expected within 6 weeks.

For further information please contact

Clarke Dudley

Managing Director

Tel: (03) 9569 3467

Competent Person: The comments regarding the geology, prospectivity and exploration results, in this report, have been made and/or reviewed by Simon Coxhell (Member of Australasian Institute of Mining and Metallurgy), who is a consultant for Boadicea Resources Ltd. Mr Coxhell has sufficient experience, relevant to the style of mineralization and type of deposit under consideration and to the activity which he has undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and consents to the inclusion in this report of the matters reviewed by him in the form and context in which they appear.