DART MINING NL — Capital/Financing Update 2019

Apr 4, 2019

ASX Release

Rushworth EL006016 Acquisition

5[th] April 2019

Dart Mining Acquires Rushworth EL006016

Dart Mining NL (Dart Mining) is pleased to announce that it has agreed to acquire from Ostract Pty Ltd ACN 084 250 742 (Ostract) a granted exploration licence, EL006016, located near Rushworth in Central Victoria. In terms of the acquisition, upon unconditional Ministerial approval to the transfer of that tenement being granted, Dart Mining will pay to Ostract $30,000 and issue 6,000,000 Dart Shares (the issue price per Dart Share shall be the Volume Weighted Average Price (VWAP) of the fully paid ordinary shares of Dart Mining traded on ASX calculated over the 5 trading days immediately preceding the relevant completion date). Those Dart Shares will not be subject to escrow.

The granted exploration licence is approximately 82km[2] and surrounds Dart Mining’s existing mining licences MIN5246, MIN5306 and MIN5538 – Figure 1. Securing the surrounding exploration licence reinforces Dart Mining’s dominant tenement holding over the historic Rushworth Goldfield. Dart Mining recognises the enormous prospectivity of the Central Victorian goldfields and considers the Rushworth Goldfield to be one of the least explored fields in the region, with limited modern exploration having been undertaken. Dart Mining has developed a robust geological model through work conducted within mining licences MIN5246, MIN5306 and MIN5538 and will apply this model to exploration within the adjacent EL006016.

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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

Empress – 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: 928,042,803 Unlisted options: 25,000,000

Substantial Shareholders:

Top 20 Holdings: 50.37 %

Board & Management:

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

Dart Mining NL

ACN 119 904 880

Contact Details:

4 Bryant Street, Corryong VIC 3707 Australia

James Chirnside

Phone: +61 (0)260 762 336 Email: jchirnside@dartmining.com.au

Visit our webpage: www.dartmining.com.au

Figure 1. Location map of EL006016 (Rushworth) in relation to existing mining tenements MIN5246, MIN5306 and MIN5538, held 100% by Dart Mining NL.

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Figure 2. Location map of EL006016 (Rushworth) in relation to existing tenements, held 100% by Dart Mining NL.

TENEMENT STATUS UPDATE

Tenement applications continue to pass through the approvals process with the tenements remaining in good standing as at 31 March 2019 (Figure 2).

Table 1. TENEMENT STATUS

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----- Start of picture text ----- Tenement Area (km [2] )Name Tenement Type Interest LocationNumber Unless specifiedEL5194 Mt. Alfred Exploration 27 100% NE VictoriaEL5315 Mitta Mitta [4] Exploration 195 100% NE VictoriaEL006277 Empress Exploration 221 100% NE VictoriaEL006300 Eskdale [3] Exploration 245 100% NE VictoriaEL006486 Mt Creek Exploration 190 100% NE VictoriaEL006764 Cravensville EL (Application) ~170 100% NE VictoriaEL006861 Buckland EL (Application) ~414 100% NE VictoriaEL006865 Dart EL (Application) ~500 100% NE VictoriaEL006866 Cudgewa EL (Application) ~500 100% NE VictoriaEL006016 Rushworth EL (Subject to transfer) 82 100% Central VictoriaRL006615 Fairley’s [2] Retention License Application 340 Ha 100% NE VictoriaRL006616 Unicorn [1&2] Retention License Application 23,243 Ha 100% NE VictoriaMIN006619 Mt View [2] Mining License Application 224 Ha 100% NE VictoriaMIN5246 Chinaman’s [4] Mining 5 Ha 100% Central VictoriaMIN5306 Phoenix [4] Mining 5 Ha 100% Central VictoriaMIN5538 Rushworth [4] Mining 34.8 Ha 100% Central Victoria----- End of picture text -----

All tenements remain in good standing at 31 March 2019.

NOTE 1: Unicorn Project area subject to a 2% NSR Royalty agreement with Osisko Gold Royalties Ltd dated 29 April 2013. NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement. NOTE 3: Areas subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016). NOTE 4: Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce William McLennan.

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