BOSS ENERGY LTD — Capital/Financing Update 2016

May 31, 2016

1 June 2016

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ASX / Media Announcement

ASX: BOE

BOSS RAISES $1.25 MILLION

HIGHLIGHTS

• A$1.25 million (before costs) raised via a Placement

• Proceeds to be used to progress the Honeymoon Uranium Project

Boss Resources Limited (ASX: BOE) (“ Boss ” or the “ Company ”) is pleased to announce it has received firm commitments for a share placement to raise A$1.25 million (before costs) via a placement of 31,250,000 million ordinary shares at an issue price of $0.04 each (“ Placement ”).

18.75 million shares will be placed to professional and sophisticated investors pursuant to s708 of the Corporations Act, with the placees undertaking not to dispose of the shares (other than to related parties of the placees) within 12 months from the issue date. The remaining 12.5 million shares will be placed with a “long only” institutional fund.

The funds will be used to progress work programs at the Honeymoon Uranium Project, including the upcoming drill program, and for general working capital.

Queries:

Evan Cranston (Corporate Director) +61 408 865 838 Grant Davey (Executive Director) +61 447 753 163

Suite 23, 513 Hay St, Subiaco WA PO Box 1311, Subiaco WA 6904 P: +61 (8) 6143 6730 E: admin@bossresources.com.au ABN 38 116 834 336