CARNAVALE RESOURCES LIMITED — Capital/Financing Update 2015

Mar 25, 2015

CARNAVALE RESOURCES LIMITED 26 MARCH 2015

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Completion of Acquisition

CARNAVALE RESOURCES

(A.C.N 119 450 243) ASX Code: CAV

Shares: 223.7M Options: 166.5M Perf Shares 42.0M Cash: $1.15M Dec 2014 M.Cap $4.2M (@ $0.019)

Carnavale Resources Limited advises that 720,000 ordinary shares (CAV) will be released from voluntary escrow conditions on 10 April 2015.

Yours faithfully

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Directors

Paul Jurman

Ron Gajewski (Chairman) Andrew Beckwith (MD) Klaus Eckhof (NED)

Rhett Brans (NED)

Carnavale Resources Limited is an exploration and development company based in Perth, Western Australia.

Company Secretary

For further information contact:

Andrew Beckwith Peter Taylor Managing Director Investor Relations Carnavale Resources Ltd NWR Communications P: 08 9380 9098 P: +61 (0)412 036 231

Carnavale has two highly prospective gold-silver-copper projects in Arizona and Nevada, USA.

Office

Level 1, Suite 5 The Business Centre 55 Salvado Rd. Subiaco, WA 6008

Post PO Box 131 Subiaco, WA 6008

Contact Details

Ph +61 8 9380 9098 Fax +61 8 9380 6761 admin@carnavaleresources.com

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