CARNAVALE RESOURCES LIMITED — Share Issue/Capital Change 2015

Jan 29, 2015

CARNAVALE RESOURCES LIMITED ASX RELEASE 30 JANUARY 2015

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COMPLETION OF ESCROW PERIOD

CARNAVALE RESOURCES

(A.C.N 119 450 243)

ASX Code: CAV

Shares: 202.7M Options: 166.5M Cash: $1.15M (Dec 2014) M.Cap $2.02M (@ $0.010)

Directors

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

Carnavale Resources Limited advises that 9,780,000 ordinary shares (CAV) will be released from voluntary escrow conditions on 14 February 2015.

Yours faithfully

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Paul Jurman Company Secretary

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

Carnavale has entered an option to acquire Tojo Minerals Pty Ltd, which has rights to acquire two highly prospective gold-silvercopper 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