EASTERN RESOURCES LIMITED — Capital/Financing Update 2017

Dec 17, 2017

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MARKET RELEASE

18 December 2017

Eastern Iron Limited

TRADING HALT

The securities of Eastern Iron Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 20 December 2017 or when the announcement is released to the market.

Security Code: EFE

Kimberley Brown PRINICPAL ADVISER, LISTINGS COMPLIANCE (SYDNEY)

ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

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18 December 2017

Request for trading halt

Pursuant to Listing Rule 17.1, Eastern Iron Limited ( Eastern Iron or the Company ) hereby requests that a voluntary and immediate trading halt of the entity’s securities be granted by the Australian Securities Exchange ( ASX ) in respect of the Company’s securities ( ASX:EFE ).

In accordance with Listing Rule 17.1, the Company advises:

• That it is seeking a trading halt in relation to a proposed acquisition and capital raising;

• It anticipates that the trading halt end on the earlier of the commencement of normal trading on Wednesday 20 December 2017 or when an anticipated announcement is released to the market; and

• It is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Should you have any questions, please do not hesitate to contact me.

Yours sincerely

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Eddie King Chairman

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