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DATELINE RESOURCES LIMITED Capital/Financing Update 2018

Sep 19, 2018

64793_rns_2018-09-19_2c42d38f-3cac-44bb-b5f9-dc9862c3edfb.pdf

Capital/Financing Update

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20 September 2018

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

Dateline Completes Acquisition of Raymond and Carter Mines in Colorado

Colorado-focused gold mining and exploration company Dateline Resources Limited (ASX: DTR) (“Dateline” or the “Company”) is pleased to report that it has completed the acquisition of the Raymond and Carter gold mines in Colorado as per the announcement of 14 March 2018.

Dateline has paid the vendors in full and now owns the freehold titles to the Raymond and Carter mines which are highly prospective historical gold mines covering ~1,300 acres.

Post completion, Dateline holds ~1,700 acres of freehold and ~400 acres of leasehold land in Colorado which has produced over 300,000 ounces of gold from narrow vein, high grade ore-bodies. The area has not been mined or explored in the modern era.

To complete the acquisition, new funds were secured from Dateline’s largest shareholder Southern Cross Exploration N.L. and from Dateline Non-Executive Director Mr Mark Johnson.

Together, Southern Cross Exploration N.L. and Mr Johnson have advanced funds to Dateline to ensure the company delivers on its strategy of consolidating a number of highly prospective, contiguous precious metals exploration and development assets in Colorado. The Raymond and Carter gold mines are examples of such assets.

Dateline’s Board is assessing different funding options to ensure the Company has adequate cash resources to effectively develop its portfolio of projects in Colorado. Options are being considered to ensure all shareholders have the opportunity to contribute to the Company’s growth on the same funding terms.

Further operational and corporate updates will be made in due course.

ENDS

For more information, please contact:

Stephen Baghdadi Chief Executive Officer Ph: +61 2 9375 2353 Email: [email protected] Web: www.datelineresources.com.au

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

Released through: Ben Jarvis, Six Degrees Investor Relations: +61 (0) 413 150 448

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. The Company owns 100% of two, permitted gold mining projects in Colorado. The 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. The Gold Links Mine, also in Gunnison County, is located ~50kms from Lucky Strike and forms part of Colorado’s Gold Creek district. Two separate vein systems have been mined on the property, Sacramento and the 2150. 2150 has over 600 metres of mineralisation across a +700-metre development drive. Historical gold grades ranged from 1.5 oz p/t to 10 oz p/t Au. Ore mined by DTR will be processed at the Lucky Strike Mill. In addition to these assets, Dateline owns a small 25tpd mill and freehold land in Saguache County in Colorado. The company is reviewing its interests in Fiji with a view to identifying a JV partner that would enter a farm in agreement on its Fijian assets.

Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurstville NSW 2221

www.datelineresources.com.au [email protected]