DATELINE RESOURCES LIMITED — Capital/Financing Update 2017

Aug 13, 2017

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14 August 2017

Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Closing of Non-Renounceable Rights Issue

Dateline Resources Limited (DTR) ("Dateline" or the "Company") refers to its announcement on 21 July 2017 in regard to the 1 for 2 non-renounceable rights issue of up to 200,247,902 fully paid ordinary shares at $0.02 per share to raise up to approximately $4,000,000 (before costs) ( Rights Issue ).

The Board is pleased to advise that the Company closed the Rights Issue on 9 August 2017, raising a total of $2,184,835.

I am pleased to report that the Company’s Chairman Mr. Mark Johnson and CEO Mr. Stephen Baghdadi, took up their full direct entitlements in the Rights Issue as did the Company’s largest shareholder Southern Cross Exploration NL.

Total applications were received for 109,241,756 new shares. These shares will be allotted and holding statements despatched on 16 August 2017 in accordance with the Rights Issue timetable. The allotted shares will rank equally with existing shares.

The shortfall of the Rights Issue is 91,006,146 shares. Under the terms of the Rights Issue, which was not underwritten, the Board may elect to place some or all of the shortfall to sophisticated or professional investors within 3 months of the Rights Issue closing date.

The Board wishes to thank shareholders for their participation and continued support.

John Smith Company Secretary

Dateline Resources Limited (ACN 149 105 653) Level 29, 2 Chifley Square, Sydney, NSW 2000

www.datelineresources.com.au info@datelineresources.com.au