CARNABY RESOURCES LIMITED — Capital/Financing Update 2017

Feb 8, 2017

ASX Announcement 9 February 2017

==> picture [69 x 86] intentionally omitted <==

By email: tradinghaltsperth@asx.com.au Sandra.wutete@asx.com.au

9 February 2017

Ms Sandra Wutete Company Advisor (Perth) ASX Limited Level 40 - Central Park 152-158 St Georges Tce PERTH WA 6000

Dear Ms Wutete

Berkut Minerals Limited – Request for Voluntary Suspension

In accordance with listing rule 17.2, Berkut Minerals Ltd (ASX:BMT) requests a voluntary suspension to be placed on the Company’s securities pending an announcement relating to an acquisition and capital raising.

The Company requests the voluntary suspension continue to the earlier of the announcement to the market or the commencement of trade on Friday 10 February 2017.

The Company is not aware of any reason why the voluntary suspension should not be granted.

Fast Facts Shares on Issue: 32.67M Market Cap: $6.9M @ $0.21 Cash in Bank: $3.1M

Board and Management Michael Bohm, Non Exec Chairman Paul Payne, Non-Exec Director Justin Tremain, Non-Exec Director

Ben Cairns, Chief Executive Officer Melanie Li, Company Secretary

Company Highlights  Earning 70% of the Cairn Hill project 40km WNW of Paraburdoo. Significant gold intersections include 20m @ 29g/t Au from 30m[1]

 100% owned Mt Clement Project (under application) prospective for gold and base metals 35km SW of Paulsens Gold Mine

 100% owned Capricorn Li Project (under application) Historic exploration has identified Li anomalism in lag sampling over an area 18km x 4km

Yours sincerely,

==> picture [69 x 43] intentionally omitted <==

Melanie Li Company Secretary

- ENDS -

Registered Office 78 Churchill Avenue Subiaco Western Australia 6008 T: +61 8 9286 6399 F: +61 8 9286 6300

www.berkutminerals.com.au