DATELINE RESOURCES LIMITED — Capital/Financing Update 2017

Feb 13, 2017

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14 February 2017

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

Dateline receives regulatory approvals to progress works at Gold Links Project in Colorado

• US Department of Labour’s Mine Safety and Health Administration (MSHA) grants approval for commencement of site works and production recommencement planning

• DTR’s wholly owned US subsidiary CRG Mining LLC now has the approval to progress site works, access underground workings and commence drilling at company’s Gold Links Project in Gunnison County Colorado.

• Underground drilling is expected to commence in March 2017

• An experienced drilling company has been contracted. The required drill rigs have been mobilised to Gunnison and will be transported to the mine site once the heavy snow conditions subside.

• Site works required to support the underground drilling program will commence immediately and are expected to be complete by the middle of March.

• An eight-hole, 1,000 metre (3,300 ft.) surface and underground diamond drilling program at Gold Links mine will test the tenure of the previously mined mineralised zones.

• Concurrent to the drilling program and as part of a strategy to target early production opportunities, CRG will:

• Conduct close spaced channel sampling along the Upper Gold Links vein to determine grade distribution along what is believed to be a pocket of easily accessible ore

• Conduct close spaced sampling along the accessible section of the Sacramento ore-body

• On 10 February 2017, the period for public comment on CRG’s application for two new mining permits closed with no objections from the local community or the public. CRG has received formal approval from the Colorado Department of Reclamation and Mine Safety (DRMS).

• CRG has paid to the DRMS the required reclamation bonds and will now commence construction of the mine portals and the process of engaging an underground mining contractor to enable the commencement of production.

Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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

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• Completion of the conditions precedent for the acquisition of the Sooner Lucky Strike Mine and Mill is expected in 60 days with plant recommissioning to commence immediately on completion.

• Dateline is well-funded with cash at bank of approximately $1.4m following the recent capital raising to execute current works program and add further value to the project

Colorado focused gold mining and exploration company Dateline Resources Limited (DTR) (“Dateline” or the “Company”) announces that it has received the necessary regulatory approvals to commence exploration and project development works at its fully permitted, 100%-owned Gold Links Mine located in Gunnison County, Colorado.

The US Depart of Labour’s Mine Safety and Health Administration (MSHA) has now granted Dateline’s local subsidiary approval to commence onsite works at the projects including drilling at Gold Links, access and sampling of the underground workings and veins. Weather permitting, the Company will install cabling into the underground shafts to facilitate underground drilling.

Dateline will very shortly commence an eight-hole, 1,000 metre surface and underground diamond drilling program at the Gold Links Mine to test the gold mineralisation of the 2150 vein, The Sacramento vein and the Upper Gold links vein.

Dateline also expects to complete the acquisition of the Sooner Lucky Strike Mine and Mill in the next 60 days and the process of recommissioning the mill will start immediately on completion.

The Sooner Lucky Strike Gold Mine and Mill is located ~50km from Gold Links and Dateline’s objective is to very quickly scale up the Mill’s production to ~400tpd.

Dateline’s Chairman Mark Johnson commented: “The MSHA approval is a key catalyst for Dateline to start advancing works at Gold Links so we can unlock the true value of this project. It also demonstrates the ease of doing business in Colorado, a proven and historical gold mining region in the United States.

“Dateline is well funded with $1.4 million cash at bank, and we have the necessary financial flexibility to advance the current exploration and development works program at the projects which are 100% permitted.

“We look forward to updating shareholders on results from the drilling and sampling program at Gold Links, and reporting on site works at the Lucky Strike Mill. We have an active works program and expect to report a steady stream of progress updates in the coming weeks and months.”

Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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

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Sacramento Vein
2150 Vein
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Figure 1 . Historical cross section of 2150 Vein and Sacramento Vein at Gold Links Mine

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Figure 2 . Long Section of the Gold Links mine

Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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

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Figure 3 . Entrance to the

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Gold links mine

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Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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

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Figure 4 . Aerial view to the Gold Links mine

Figure 5 . Sooner

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Aerial View of Lucky Strike Mine in

Colorado

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For more information, visit:

John Smith Company Secretary Ph: +61 2 8231 6640 Fax +61 2 8231 6487 Email: info@datelineresources.com.au Web: www.datelineresources.com.au

Follow Dateline on Twitter: https://twitter.com/Dateline_DTR

Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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

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About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in Colorado, United States of America. In 2016, the Company acquired 100% of two, fully permitted historical gold mining projects in Colorado. The Sooner Lucky Strike Mine and Mill is located in Gunnison County and was discovered in 1885. Two shafts were developed at the project and a processing mill on site is being refurbished and upgraded by DTR with a view to increase processing capacity to 400 tpd based on the current facility. The Gold Links Mine, also in Gunnison County, is located ~50kms from Lucky Strike and forms part of Colorado’s Gold Creek district. Several vein systems have been mined on the property including the Sacramento and the 2150. 2150 has over 600 metres of mineralisation across a +700-metre development drive. Ore mined by DTR will be processed at the Lucky Strike Mill. DTR holds claims for exploration and mining rights over approximately 700 acres in Colorado.

Asset Overview

The Sooner Lucky Strike Mine and Mill is located in Gunnison County, Colorado at an elevation of approximately 9,000 feet (ft) above mean sea level (amsl). The town of Gunnison, located approximately eight miles to the northwest, is at an elevation of approximately 7,700 ft amsl. This an established gold mining district with an effective mining code and lower sovereign risk in Colorado.

The Sooner Lucky Strike high grade veins were discovered in 1895 in the Green Mountain (Iris) Mining District. The primary commodity being explored for is gold, although silver mineralisation has also been developed as a by-product of gold mining. Copper, tellurium and zinc have also been documented as tertiary deposits at the mine.

The geology is compelling and historic workings well documented. Proterozoic volcanics and sediments are folded, metamorphosed and intruded by granodiorite and diorite as well as gabbro dykes and sills. Mineralisation occurs as veins of quartz, carbonate and sulphide (pyrite, galena).

The Sooner Lucky Strike Mine was reportedly developed by two shafts and several drifts. The older of the two shafts is 4 feet by 8 feet in section and 170 feet deep, slightly inclined to the southwest along the vein. The first level was developed at 50-foot depth by a 75-foot long drift and stopes. The second level at the bottom of the shaft was developed by 125-foot long drift to the southeast and a 190-foot long drift to the northwest. The second shaft, located 450 to 500 feet northwest of the first and on the vein, is 25 feet deep with a 100-foot long drift developed at its base.

The Gold Links Mine is located in a proven gold mining province with compelling geology. The Gold Links Mine forms part of the Gold Creek district within the Gold Brick mining district. Several vein systems have been mined on the property including the Sacramento and the 2150.

Gold was discovered in Gold Rush creek in 1879 and hard rock mining commenced soon after at the Sacramento vein system. Ore was milled to produce free gold, sulphide concentrate and direct shipping products. In this period Sacramento returned USD$350,000 when gold was USD20 per ounce.

The 2150 vein system was discovered while driving an adit to access beneath the Sacramento vein system. The 2150 vein system was mined from 1908 to 1912. In this period 2150 vein returned USD$515,867 when gold was USD$20 per ounce. Veins occupy small scale faults that strike north-south and dip east at 70 degrees.

Dateline Resources Limited (ACN 152 582 217) Level 29, 2 Chifley Square, Sydney, NSW 2000

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