BULLETIN RESOURCES LIMITED — Capital/Financing Update 2014

Nov 19, 2014

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ANNOUNCEMENT

19 November 2014

**Pacific

Niugini achieves 65% ownership of Halls Creek Project**

The Board of Pacific Niugini “PNR” is pleased to advise that Bulletin Resources (ASX:BNR) has provided transfer documents for a further 16% of all tenements, which form part of the Halls Creek Project.

Ownership of the Halls Creek Project is now:

• 65% PNR

• 35% BNR

PNR now has until April 2016 to spend a further $1.2 million in order to attain 80% ownership of the project. PNR expects to attain 80% ownership of the project prior to the commencement of production. Details of the acquisition agreement are set out in the June 2014 Quarterly Report.

PNR and BNR are progressing with a project development plan designed to achieve the commencement of project construction and refurbishment in early 2015, with commencement of production expected approximately six months after initiation of mining activities.

Ends.

Enquiries – Paul Cmrlec, Managing Director

T: F: E: W: 08 9215 6005 | 08 9220 5757 | admin@niugini.com.au | www.niugini.com.au Level 3, 18-­‐32 Parliament Place, West Perth 6872