CASTILE RESOURCES LTD — Capital/Financing Update 2020

Feb 18, 2020

Castile Resources Ltd ABN 93 124 314 085

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Level 6, 197 St Georges Terrace, Perth WA 6000 PO Box 7068 Cloisters Square WA 6850

T: +61 8 9462 3400 E: reception@castile.com.au W: www.castile.com.au

ASX ANNOUNCEMENT

19 February 2020

Castile Resources Ltd (ASX: CST) – Capital Structure

Castile Resources Ltd (“ Castile ” or “ Company ”) advises that the capital structure released to the ASX on 10 February 2020 as part of pre-quotation disclosure did not include 21,511 fully paid ordinary shares held by the underwriter to Castile’s recent non-renounceable pro-rata entitlement offer.

The underwriter holds these shares on behalf of those Westgold Resources Limited shareholders who were ineligible to receive Castile shares under the in-specie distribution of Castile shares to Westgold Shareholders (“ Ineligible Shareholders ”). The underwriter will dispose of these shares and pay the net sale proceeds to the Ineligible Shareholders. See section 1.10 of Castile’s prospectus dated 3 December 2019 for further information.

Castile’s capital structure is detailed below.

Capital Structure
Fully Paid Ordinary Shares	199,710,121
Options(exercisable at $0.25 on or before 26 November 2022	2,000,000
Fully diluted share capital	201,710,121

Mark Hepburn Managing Director Castile Resources Ltd

Authorised on behalf of the Company by Mark Hepburn, Managing Director.

Enquiries

Email: mark.hepburn@castile.com.au Phone: +61 400 092 521