CORE LITHIUM LTD — Capital/Financing Update 2016

Oct 12, 2016

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ASX ANNOUNCEMENT

ASX : CXO

Placement cleansing notice under section 708A(5)(e) of the Corporations Act

Issuer: Core Exploration Limited (ASX Code: CXO) Release date: 13 October 2016

Core Exploration Limited ( Core ) has issued 66,895,188 fully paid ordinary shares in the company at an issue price of $0.09 per share under a placement ( Placement ).

Details of the Placement

Class of Securities: Ordinary shares ASX Code of the securities: CXO Date of the issue 13 October 2016 Total number of shares issued: 66,895,188

Core advises that:

1. The shares offered under the Placement were issued without disclosure to investors under Part 6D.2 Corporations Act 2001 (Cth) ( Corporations Act ).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, Core has complied with the provisions of Chapter 2M Corporations Act as they apply to Core and has complied with section 674 Corporations Act.

4. As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that has not already been disclosed to investors generally.

For further information please contact: Stephen Biggins Managing Director Core Exploration Ltd info@coreexploration.com.au

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E info@coreexploration.com.au www.coreexploration.com.au