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CARNAVALE RESOURCES LIMITED Capital/Financing Update 2017

Jan 29, 2017

64607_rns_2017-01-29_35f697af-eb18-4044-854c-6096817795c0.pdf

Capital/Financing Update

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CARNAVALE RESOURCES LIMITED 30 January 2017

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CARNAVALE RESOURCES

(A.C.N 119 450 243)

ASX Code: CAV Shares: 459M Options: 60.0M (Dec 2019 @ $0.02)

Directors

Ron Gajewski (Chairman) Andrew Beckwith (MD)

Mr Sebastian Bednarczyk ASX Compliance Pty Ltd Level 40, Central Park, 152-158 St Georges Terrace Perth, WA 6000 By email: [email protected]

Dear Sebastian

TRADING HALT

Carnavale Resources Limited (“the Company”) seeks a trading halt to the quotation of its securities for the period up to the commencement of trading on Wednesday, 1 February 2017, or the earlier release of an announcement to ASX regarding a capital raising.

Rhett Brans (NED)

Andrew Chapman (NED)

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

The Company is currently actively assessing various new opportunities in the resources sector.

The Company expects to be in a position to make an announcement before commencement of trading on Wednesday, 1 February 2017 and is not aware of any reason why a trading halt should not be granted.

Yours faithfully

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Paul Jurman

Company Secretary

Office

Level 2, Suite 9 389 Oxford Street Mount Hawthorn Western Australia 6016

Post

PO Box 281 Mount Hawthorn WA 6915

Contact Details

Ph +61 8 9380 9098 Fax +61 8 9380 6761 [email protected]

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www.carnavaleresources.com