DART MINING NL — Share Issue/Capital Change 2015

Nov 24, 2015

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25 NOVEMBER 2015

6th Floor 412 Collins Street Melbourne, Victoria 3000 Australia Telephone: +61 (0) 2 6076 2336 Email: info@dartmining.com.au Web: www.dartmining.com.au ABN 84 119 904 880

ASX ANNOUNCEMENT

Notice in Respect of Share Issue

Dart Mining NL (“Dart”) has issued 16,666,650 fully paid ordinary shares (“Shares”) as per the announcement on 18 November 2015.

In accordance with the requirements of section 708A(6) of the Corporations Act 2001 (Cwlth) (“Corporations Act”), Dart notifies ASX Limited that:

• (a) The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) The notice is being given under section 708A(5)(e) of the Corporations Act;

As at the date of this notice Dart has complied with:

• (a) The provisions of Chapter 2M of the Corporations Act as they apply to the Raya; and

• (b) Section 674 of the Corporations Act; and

As at the date of this notice, there is no information that is “excluded information” (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by Raya.

Information under ASX listing Rule 3.10.5A

Dart provides the following information in accordance with ASX Listing Rule 3.10.5A in relations to the share issue under ASX Listing Rule 7.1A.

(a) Details of the dilution to existing holders of ordinary securities caused by the Placement is provided below:

	Shares	Percentage
Pre-Placement Security Holders	243,257,982	93.6%
Placement Shares issued under ListingRule 7.1A	16,666,650	6.4%
Total Post Placement Shares	259,924,632	100.0%

Dilution as a result of the issue under Listing rule 7.1A of 16,666,650 shares 6.4%

Details of the Company's issued capital following completion of the share issue held by pre-issue shareholder and new shareholders are as follows:

	Shares	Percentage
Pre-issue shareholders who did not participate in
the new issue	223,760,197	86.1%
Pre-issue shareholders who did participate in the new
issue	31,580,518	12.1%
New Shareholders whoparticipated in the new issue	5,416,667	1.8%
Total Post Placement Shares	259,924,632	100.0%

• (b) The 16,666,650 shares issued under Listing Rule 7.1A were issued to sophisticated and professional investors as it was considered to be the most efficient mechanism for raising funds needed for the Company’s ongoing exploration programme.

• (c) The Placement was not underwritten.

• (d) The fundraising fee associated with the 16,666,650 shares issued under Listing rule 7.1A is $9,000.00 plus GST

Yours faithfully,

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Julie Edwards Company Secretary