DIATREME RESOURCES LIMITED — Capital/Financing Update 2016

Feb 16, 2016

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DIATREME RESOURCES LIMITED ABN: 33 061 267 061 Postal Addre s s: P.O Box 10288 Bri s bane Adelaide Street Q LD 4000 Re g istered Offi c e: Level 2 87 Wickha m Terrace S pring Hill Q LD 4000 PH: +61 (0)7 3832 5666 www. d iatreme.co m .au man a ger@diatreme.com.au

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ASX : D R X

C ompanies Announce m ent Office A ustralian S ecurities E x change L evel 4, 20 B ridge Street S ydney NS W 2000

17 Februar y 2016

NOTIFICATION OF EXPIRY OF LISTED OPTIONS (ASX: DRXO)

D iatreme Resources L imited (A S X:DRX) (“ D iatreme”) advises th a t the atta c hed letter has been s ent to hol d ers of Di a treme list e d options ( ASX:DRX O ) exercis a ble at $0. 0 2 on or b efore 11[th] M arch 2016, as notific a tion of the expiry of th e ir options on 11[th] Ma r ch 2016.

T he last dat e of quotation of DRX O options on the Austr a lian Secu r ities Exchange will be 11[th] March 2 016.

Y ours sincerely D iatreme R e sources Limited

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Tuan Do C ompany S e cretary

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DIATREME RESOURCES LIMITED ABN: 33 061 267 061 Postal Addre s s: P.O Box 10288 Bri s bane Adelaide Street Q LD 4000 Re g istered Offi c e: Level 2 87 Wickha m Terrace S pring Hill Q LD 4000 PH: +61 (0)7 3832 5666 www. d iatreme.co m .au man a ger@diatreme.com.au ASX : D R X

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• 17 Februar y 2016

D ear Optio n Holder EXPIRY OF 11[th] MARCH 2016 LISTED OPTIONS (DRXO)

T he listed options ( DRXO ) issued by the Co m pany are d ue to expi r e at 5.00p m (Brisban e Time) on 11[th] March 2 016.

• I n accordan c e with the ASX Listin g Rules th e Company advises as follows: 1. The lat e st date fo r the exercise of the o ptions an d for paym e nt of the e xercise price is 11[th] March 2016;

• 2 . The exercise price o f the options is $0.02 per option; 3 . The consequence o f non-pay m ent of the e xercise price is that t h e options w ill lapse; 4 . The lat e st availabl e market s a le price o f the Com p any’s sha r es on AS X prior to t h e date of letter w a s $0.011 p e r share o n 16[th] February 2016;

• 5 . The hig h est and lo w est mark e t price of t h e underlying securiti e s during t h e three m o nths prior to 16[th] February 2016 are set o ut below: a) Hig h est: $0.01 2 per Share on 18[th] De c ember 20 1 5; b) Low e st: $0.007 per Share on 1[st] Dec e mber 2015.

• 6 . The las t date of quotation of D RXO opti o ns on the A ustralian S ecurities E xchange w ill be 11[th] March 2016.

E nclosed is a “Notice o f Exercise o f Options” .

T o convert your DRX O options into DRX s hares, co m plete the a ttached “ N otice of Exercise of O ptions” fo r m in full, sign it and r e turn it to t h e address as shown o n the for m with the appropriate r e mittance a mount.

Y ours sincerely D iatreme R e sources Limited

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Tuan Do C ompany S e cretary

ABN 33 061 267 061

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All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: +61 1300 554 474 ASX Code: DRXO Website: www.linkmarketservices.com.au

NAME AND ADDRESS OF OPTIONHOLDER

Exercise Price:	A$0.02
Expiry Date:	11 March 2016

SRN/HIN

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NOTICE OF EXERCISE OF OPTIONS

The Options may be exercised at any time until, 11 March 2016, the expiry date.

PLEASE COMPLETE BELOW (using block letters) – refer overleaf for details and further instructions on how to complete this form. I/We apply to exercise the following number of options and make payment in Australian currency drawn on an Australian branch of a financial institution for the amount payable. Please allot me/us Ordinary Shares calculated on the basis of one (1) Ordinary Share for every one (1) Option which I/we exercise. I/We agree to accept such Shares subject to the Constitution of Diatreme Resources Limited.

A NUMBER OF OPTIONS EXERCISED B TOTAL PAYMENT REQUIRED (Exercise all or part of DRXO Options) (A$0.02 per DRXO Option exercised) at A$0.02 per Option Exercised $A , , , , , .

C PLEASE INSERT YOUR CHEQUE/BANK DRAFT OR MONEY ORDER DETAILS

Cheques must be drawn on an Australian branch of a financial institution in Australian currency and made payable to “Diatreme Resources Limited” and crossed “Not Negotiable”.

Cheque Number BSB Account Number -

The application for Shares on exercise of the Options with the appropriate remittance should be lodged with the Company at its registered office, Level 2, 87 Wickham Terrace, Spring Hill Qld, 4000 or mailed to Diatreme Resources Limited, PO Box 10288, Brisbane Adelaide Street, Qld, 4000 .

D YOUR CONTACT DETAILS Telephone Number Telephone Number – after hours Contact Name (PRINT) ( ) ( ) E SIGNATURE OF OPTIONHOLDER(S) – this MUST be signed Optionholder 1 Optionholder 2 Optionholder 3 Sole Director and Sole Company Secretary Director/Company Secretary Director

This form should be signed by the optionholder(s). Where the optionholder is an individual, a single signature is required. In the case of a joint holding, the signatures of each holder are required. Where the notice is signed by an attorney under power of attorney, please print the name of the attorney and state that the notice is signed under power of attorney and produce the power of attorney for noting purposes. Companies need to sign in accordance with their constitution, and the Corporations Act 2001 (Clth).

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DRXO OPT001