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CLARA RESOURCES AUSTRALIA LTD Capital/Financing Update 2016

Apr 13, 2016

64598_rns_2016-04-13_1f9cfbb3-8a43-4e9a-ad3d-dd16f526b7fa.pdf

Capital/Financing Update

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DGR Global Limited

14 April 2016

DGR Global to assist Aus Tin Mining with funding to retain 100 percent ownership of the Granville Tin Project

The Directors of DGR Global Limited (ASX: DGR ) are pleased to advise that DGR has agreed to provide a $350,000 funding package to Aus Tin Mining Limited (ASX: ANW ) via a term sheet executed by the parties today. The DGR funding, together with funding secured by Aus Tin Mining from another substantial shareholder, will allow it to acquire and retain a 100% interest in its Granville Tin Project in Tasmania.

Pursuant to the term sheet, DGR will to subscribe for $350,000 of shares in Aus Tin Mining by way of placement at $0.005 per share and / or convertible notes with a conversion at $0.005 per share. Any interest payable under the convertible notes will be at the RBA cash rate plus 6% per annum.

DGR is a substantial shareholder of the Aus Tin Mining, and it is anticipated that the conversion of the funding provided can be accommodated under its entitlement to acquire up to a further 3 per cent of shares in Aus Tin Mining each 6 months. A confirmatory ruling will be sought on this point, or Aus Tin Mining will apply for an ASX waiver or seek shareholder approval as required. An ASX waiver will also be sought in respect of provision of security, if requested by DGR, over the Granville assets during the funding.

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On Behalf of the Board Karl Schlobohm Company Secretary DGR Global Limited

Email: [email protected]

Electronic copies and more information are available on the Company website: www.dgrglobal.com.au

For further information contact:

Mr Nicholas Mather Managing Director DGR Global Ltd Ph: 07 3303 0680

Karl Schlobohm

Company Secretary, DGR Global Ltd Ph: 07 3303 0680

About DGR Global Limited

DGR Global’s business is the creation of resource exploration development and mining companies.

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The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.

This is achieved through:

  • The identification of commodities with a favorable 20 year price outlook.

  • Geological terranes with:

    • A demonstrated strong endowment for that commodity;

    • An under‐explored history;

    • Opportunity for the application of recently developed exploration techniques;

    • Jurisdictions with improving socio‐economic and regulatory frameworks;

    • Extensive available tenures.

DGR provides initial seed funding and management support to secure these assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and has recently crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings in AIM‐listed SolGold and IronRidge Resources and ASX‐listed AusTin Mining, Dark Horse Resources and Armour Energy, and unlisted Archer Resources, are expected over the coming years.

DGR Global has commenced an intended program of judicious dividend payments to its shareholders. The future of the dividend program will depend on circumstances from time to time.

The previous resource exploration and funding activities of DGR’s key personnel underscore the opportunities provided by the DGR business model.

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