CADOUX LIMITED — Capital/Financing Update 2016

Jul 31, 2016

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1 August 2016

ASX Release (ASX code: “FYI”)

Drilling Program Successfully Completed

Perth-based FYI Resources Limited (the “Company” or “FYI”) is pleased to provide an update to its drilling program on the Sino-Lao potash project (see previous ASX announcements) that has now been completed.

As reported, the drilling program was designed to:

• test the thickness and grade of the potash mineralisation,

• provide further exploration target definition; and

• to assist in verifying the historic drilling as part of FYI’s due diligence investigation of the project.

The vertical PQ/HQ diamond drill hole targeted a total depth of approximately 430m (base of interpreted potash mineralisation). The drilling was challenging and slow given the unusual thickness of the evaporite sequence, which at times required particular technical attention.

The RZK01A drill hole details are:

• Collar coordinates:

Collar coordinates: Lat.18.2036 Long. 102.82888  Hole inclination: -90 degrees  Azimuth: 0 degrees  Commencement of evaporite sequence: 187m  Commencement of mineralised sequence: 196m  End of mineralised sequence: 430.1m  End of hole (EOH): 431.5m

A downhole geophysical gamma logging program will now be conducted within the cased drill hole.

The drill hole will then be cemented (plugged) and the drill site fully rehabilitated to the local village convention with their oversight.

Sample preparation and analysis of the potential potash mineralisation is currently underway and the market will be informed on its progress.

Further Information:

Roland Hill

Managing Director Tel: +61 414666178

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EOH tray RZK01A

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Evaporite core – RZK01A (~425m dh)

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Project Geologists inspecting core

53 Canning Highway, VICTORIA PARK, WA 6100 Tel: +61 8 9361 3100 Fax: +61 8 9361 3184 Website: www.fyiresources.com.au ACN 061 289 218