DEEP YELLOW LIMITED — Capital/Financing Update 2019

Jun 5, 2019

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ASX Announcement

ASX & NSX: DYL / OTCQX: DYLLF

6 June 2019

SHARE PURCHASE PLAN – NOTICE UNDER ASIC CLASS ORDER [CO 09/425]

Deep Yellow Limited ABN 97 006 391 948 ( Company ) gives notice under paragraph 7(f)(ii) of ASIC Class Order [CO 09/425] that:

1. the Company will make offers to issue fully paid ordinary shares in the capital of the Company ( Shares ) under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act );

2. the Company is giving this notice under ASIC Class Order [CO 09/425];

3. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

4. as at the date of this notice there is no information:

5. (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

6. (b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • (ii) the rights and liabilities attaching to the Shares.

Yours faithfully

JOHN BORSHOFF Managing Director/CEO Deep Yellow Limited

For further information, contact:

John Borshoff Managing Director/CEO

Phone: +61 8 9286 6999 Email: john.borshoff@deepyellow.com.au

For further information on the Company and its projects, please visit the website at: www.deepyellow.com.au

Unit 17, 100-104 Railway Road Subiaco WA 6008 / PO Box 1770 Subiaco WA 6904 Tel: 61 8 9286 6999 / Fax: 61 8 9286 6969 / ABN 97 006 391 948 Email: info@deepyellow.com.au / Website: www.deepyellow.com.au