BOSS ENERGY LTD — Capital/Financing Update 2017

Aug 8, 2017

9 August 2017

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ASX Announcement

ASX: BOE

BOSS COMPLETES $3M CAPITAL RAISE

Boss Resources Limited (ASX: BOE) (“ Boss ” or the “ Company ”) is pleased to announce the successful completion of a placement of 60 million new ordinary shares (“ Shares ”) to raise $3m (before issue costs, facilitated by Longreach Capital) (“ Placement ”). The Shares will be issued at $0.05 per share, representing a discount of:

• 5.7% to BOE’s closing price of $0.053 per share on 8 August 2017

• 7.1% to BOE’s 5 trading day VWAP of $0.053841 per share as at 8 August 2017

The Placement is being made to new and existing sophisticated investors, and within the Company’s existing 15% placement capacity pursuant to ASX Listing Rule 7.1 and 10% placement capacity pursuant to ASX Listing Rule 7.1A. The Shares will rank equally with existing shares.

Funds raised from the Placement will be applied to advancement of activities at the Honeymoon Uranium Project, the payment of promissory note due this year to the vendor of the Honeymoon Project, and to general working capital.

The Shares are scheduled to be issued on Friday, 11 August 2017.

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