DATELINE RESOURCES LIMITED — Capital/Financing Update 2017

Jul 20, 2017

==> picture [163 x 53] intentionally omitted <==

21 July 2017

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

Announcement of Non-Renounceable Rights Issue

Dateline Resources Limited (DTR) ("Dateline" or the "Company") is pleased to announce that it is undertaking a 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 anticipates strong participation in the Rights Issue by the Directors and/or their related entities ( Director Shareholders ), including the full take up of its entitlement by the Non-Executive Director, Mr Mark Johnson, who directly holds 11.85% of the issued capital of the Company, and the Board also anticipates the full take up of its entitlement by the Company’s largest shareholder, Southern Cross Exploration NL ( SXX ), which holds 39.95%.

Details of the Rights Issue will be included in an offer document which is expected to be lodged with the ASX and despatched to shareholders on Monday, 31 July 2017.

The Rights Issue will be offered to holders of shares in the Company registered at the record date and who have a registered address in either Australia or New Zealand ( Eligible Shareholders ).

Eligible Shareholders, other than Director Shareholders and SXX, will be offered the opportunity to apply for additional shares above their entitlement, from any shortfall that may arise under the Rights Issue.

The Rights Issue is not underwritten. The Board may elect to place some or all of any shortfall of the Rights Issue to sophisticated and institutional investors within 3 months of the Rights Issue closing date.

The funds raised under the Rights Issue will be used for general working capital purposes, including pursuing the Colorado Gold Project previously announced.

The Rights Issue is being conducted in accordance with the following timetable:

Announcement of Rights Issue, and lodgement of Appendix 3Band Section 708AA(2)(f) cleansing notice	Friday,21 July 2017
Despatch of notice to securityholders, including optionholders	Monday,24 July 2017

Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000

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

==> picture [163 x 53] intentionally omitted <==

	"Ex" Date (date from which securities commence trading withoutthe entitlement to participate in the Rights Issue)	"Ex" Date (date from which securities commence trading withoutthe entitlement to participate in the Rights Issue)	"Ex" Date (date from which securities commence trading withoutthe entitlement to participate in the Rights Issue)	Tuesday,25 July 2017	Tuesday,25 July 2017	Tuesday,25 July 2017
	Record Date (date for determining entitlements to participate in			Wednesday,
	the Rights Issue) 7.00pm AES	T		26	July 2017
	Dth f Riht I ff	bklt d lid		M	d
	espac o gs ssue oerEntitlement and Acceptance F	ooe an personaseorm to Eligible Shareholde	rs	31	nay,July 2017
	Closing Date for acceptances	5.00pm AEST		W	ednesday,
				9	August 2017
	Securities quoted on a deferre	d settlement basis		Th	ursday,
				10	August 2017
	Notification to ASX of under su	bscriptions		M	onday,
				14	August 2017
	Issue and allotment of New Sh	ares and lodgement of Ap	pendix	W	ednesday
	3B (final) with ASX			,16 August 2017
	Despatch date of holding statements for new shares and deferredsettlement trading ends			Wednesday,16 August 2017

*Subject to the ASX Listing Rules, the Directors reserve the right to extend the Closing Date for the Rights Issue at their discretion. Should this occur, an announcement will be made to ASX and the extension will have a consequential effect on the anticipated date of issue for the New Shares. **All dates are indicative only and subject to change.

John Smith Company Secretary Dateline Resources Limited

Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000

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