CAZALY RESOURCES LIMITED — Capital/Financing Update 2019

Aug 8, 2019

Woomera Mining Limited

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Suite 116, 147 Pirie Street Adelaide SA 5000 admin@WoomeraMining.com.au www.WoomeraMining.com.au

9 August 2019

ASX Announcement

WOOMERA SIGNS SHARE PURCHASE AGREEMENT WITH CAZALY RESOURCES

Woomera Mining Limited (ASX: WML) (‘Woomera’ or ‘the Company’) is pleased to announce that it has signed a binding Share Purchase Agreement (‘SPA’) with Cazaly Resources Limited (ASX:CAZ) (‘Cazaly’) to purchase 100% of the issued shares of Yamarna West Pty Ltd, a wholly owned subsidiary of Cazaly and the registered holder of the Mt Venn Gold Project tenements.

As announced on 23 May 2019, Woomera signed a Heads of Agreement which provided the framework to purchase an initial 80% interest in Cazaly’s Mt Venn gold tenements including the terms of the now signed SPA and Joint Venture Agreement.

Under the terms of the SPA, at completion of the acquisition:

• (a) Woomera will acquire 100% of the shares in Yamarna;

• (b) Yamarna will have an 80% undivided interest in the Tenements, and

• (c) Cazaly will enter into an agreement with Yamarna to establish an unincorporated joint venture under which the JV parties will hold the following interests:

Yamarna 80% Cazaly 20%

The SPA is subject to customary conditions for a share acquisition including the good standing of the Tenements. Completion is expected to occur on or before 20 September 2019.

Please refer to the Company’s announcements on 23 May 2019 and 30 July 2019 for further details on the terms of the acquisition of the shares of Yamarna and the key aspects of the unincorporated joint venture, which are otherwise unchanged.

The Company will provide a further update on the finalisation of the JV agreement once it is in a position to do so.

Contact

Gerard Anderson Peter Taylor Managing Director Investor Relations Woomera Mining Limited 0412 036 231 Peter@nwrcommunications.com.au

About Woomera Mining Limited

Woomera Mining Limited (Woomera) is an ASX listed exploration company based in Adelaide, South Australia with an extensive minerals tenement portfolio prospective for Copper, Lithium, Gold, Uranium, Iron Ore, Nickel and Cobalt. The Woomera tenement package includes tenements in the Musgrave Province of South Australia ( Musgrave Alcurra-Tieyon Project ). The Company also has tenements in the Gawler Craton which are considered prospective for IOCGU deposits, Cu-Ni-Co deposits, RE and Precious Metals. Woomera’s tenement portfolio also includes 9 granted tenements and 3 tenement applications in Western Australia including 2 tenements and 1 tenement application in the Pilbara region of WA ( Pilgangoora Lithium Project) , 3 lithium tenements near Ravensthorpe ( Mt Cattlin Lithium Project), 1 lithium tenement and 1 tenement application at Binneringie near Lake Cowan and several WA lithium brine prospects over Dundas and Dumbleyung ( Lakes Lithium Projects ).

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