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CARNAVALE RESOURCES LIMITED Capital/Financing Update 2019

May 27, 2019

64607_rns_2019-05-27_aec49f42-bf40-4c74-8434-499e3664c1e5.pdf

Capital/Financing Update

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Market Announcement

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28 May 2019

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Carnavale Resources Limited (ASX: CAV) – Trading Halt

Description

The securities of Carnavale Resources Limited (‘CAV’) will be placed in trading halt at the request of CAV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 30 May 2019 or when the announcement is released to the market.

Issued by

Madeleine Green

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

28 May 2019 ASX Limited

CARNAVALE RESOURCES LIMITED

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28 May 2019

Ms Elizabeth Harris

Principal Adviser, Listings Compliance (Perth)

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

Dear Elizabeth

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 Thursday, 30 May 2019, or the earlier release of an announcement to ASX regarding capital raising plans.

The Company expects to be in a position to make an announcement before commencement of trading on Thursday, 30 May 2019 and is not aware of any reason why a trading halt should not be granted.

Yours sincerely

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Paul Jurman Company Secretary

Carnavale Resources Limited ABN 49 119 450 243 Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA, 6016 T + 61 8 9380 9098 F + 61 8 9380 6761 E: [email protected] W : www.carnavaleresources.com

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