DART MINING NL — Capital/Financing Update 2018

May 20, 2018

21 May 2018

ASX Release

Dart Undertakes Capital Raising

Dart Mining NL (“Dart” or “the Company”) announces that it has today lodged a Prospectus with ASIC for a 1 for 3 Entitlements Issue at $0.009 per share to raise approximately $1.927 million.

Under the Entitlement Offer, eligible shareholders will have the opportunity to subscribe for new fully paid ordinary shares in Dart ( New Shares ) on the basis of one (1) New Share for every three (3) shares held at an issue price of $0.009 per New Share, plus one (1) free attaching New Option for every one (1) New Share issued, exercisable at $0.01 and expiring on 28 February 2019.

Directors who hold shares intend to participate in the Entitlements Issue.

The Record Date for shareholder participation is Monday, 28[th] May 2018 and the closing date for subscriptions is Friday 22[nd] June 2018.

The purpose of the offer is to raise up to $1,927,264. Funds raised from the offer will be used to progress the Company’s projects and progress towards fully realising the inherent value in our Victorian Lithium, Gold and Porphyry projects.

Timetable

The indicative timetable for the Rights Issue offer is set out below:

==> picture [364 x 240] intentionally omitted <==

----- Start of picture text ----- Description Business DayProspectus lodged with ASIC and Monday, 21 May 2018announcement lodged with ASXShares trade 'ex-rights' commences on ASX Friday 25 May 2018Record Date to determine Entitlements Monday, 28 May 2018Prospectus, Entitlement and Acceptance Form Wednesday, 30 May 2018dispatchedClosing Date for acceptances of Entitlements Friday 22 June 2018Securities quoted on a deferred settlement Monday, 25 June 2018basisNotification of under subscriptions Wednesday, 27 June 2018Allotment and issue of New Shares and New Friday, 29 June 2018Options and end of deferred settlement tradingTrading of New Shares and New Options Monday, 2 July 2018expected to commenceDispatch of shareholding statements for New Monday, 2 July 2018Shares and New Options----- End of picture text -----

Note: The above timetable is indicative only. The Directors of the Company reserve the right to amend the record date and timetable for the issue of the Rights and Bonus Options, subject to the requirements of the Corporations Act 2001 and ASX Listing Rules.

==> picture [118 x 147] intentionally omitted <==

ASX Code: DTM

Key Prospects / Commodities:

GOLD

Mountain View / New Discovery - Au Fairleys - Au Rushworth – Phoenix - Au Onslow – Au Saltpetre Gap - Au

LITHIUM / TIN / TANTALUM

Glen Wills – Li-Sn-Ta Eskdale / Mitta – Li-Sn-Ta

PORPHYRY GOLD / COPPER /

MOLYBDENUM

Empress – Au-Cu Stacey’s – Au-Cu Copper Quarry: Cu+/- Au Gentle Annie: Cu

Morgan Porphyry: Mo-Ag-Au Unicorn Porphyry: Mo-Cu-Ag

Investment Data:

Shares on issue: 642,421,290 Listed options: 205,742,632

Substantial Shareholders:

Top 20 Holdings: 43.67 %

Board & Management:

Managing Director: James Chirnside Non-Executive Director: Luke Robinson Non-Executive Director: Russell Simpson Non-Executive Director: Denis Clarke Company Secretary: Julie Edwards

Dart Mining NL

ACN 119 904 880

Contact Details:

4 Bryant Street, Corryong VIC 3707 Australia

Yours faithfully

==> picture [80 x 26] intentionally omitted <==

Julie Edwards

James Chirnside

Phone: +61 (0)419 605 842 Email: jchirnside@dartmining.com.au

Company Secretary

Vi it b d t i i