CULLEN RESOURCES LIMITED — Capital/Financing Update 2016

May 16, 2016

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ABN 46 006 045 790

ASX ANNOUNCEMENT 17 May 2016

PLACEMENT TO RAISE $600,000

The Directors of Cullen Resources Limited (ASX: CUL) (Company) are pleased to announce a placement (“Placement”) of 200 million fully paid ordinary shares at $0.003 per share to raise $600,000 (before expenses). The Placement is being made under the Company’s existing 15% placement capacity with settlement of the Placement expected around 20 May 2016. Bell Potter Securities Limited acted as Lead Manager to the Placement.

__________________________________________________________________________________ Unit 4, 7 Hardy Street South Perth | Western Australia 6151 Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588 E-mail: info@cullenresources.com.au Website: www.cullenresources.com.au

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