ECLIPSE METALS LIMITED. — Capital/Financing Update 2017

Jan 24, 2017

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www.eclipseuranium.com.au Eclipse Metals Ltd is an Australian exploration company focused on exploring the Northern Territory and Queensland for multi commodity mineralisation. The company has an impressive portfolio of assets prospective for uranium, gold, manganese and base metals. Eclipse Metals holds a portfolio of over 11,300km[2] in over 20 exploration licence areas in the Northern Territory and Queensland. The Company’s mission is to increase Shareholder wealth through capital growth and ultimately, dividends. Eclipse plans to achieve this goal by exploring for and developing viable mineral deposits to generate mining or joint venture income.

25 January 2017 RAMS1C0R\ASX\ASX189

The Company Announcements Platform ASX Limited SYDNEY NSW 2000

Company Update

Placement Completed

Eclipse Metals Limited ( Eclipse or the Company ) (ASX: EPM) is pleased to announce the successful completion of a private placement ( Placement ) to new investors in collaboration with an Eastern States independent equities provider.

Eclipse has raised a total $360,000 (before costs). A total of 60,000,000 fully paid Ordinary Shares in the capital of the Company have been issued to new investors at an issue price of $0.006.

ASX CODE EPM

BOARD

Funds raised from the Placement will enable the Company to conduct further exploration work and provide working capital for the evaluation of new opportunities.

Carl Popal Executive Chairman

Rodney Dale Non-Executive Director

The Eclipse Board is pleased with the new and strong support for this raising which reflects the Company’s unique position of having assets prospective for uranium, gold, manganese and base metals. This additional capital provides the Company with the flexibility to quickly progress further exploration work.

Craig Hall Non-Executive Director

COMPANY SECRETARY

Furthermore, the new investors are strongly supportive of the Company’s strategic direction and believe the uranium and manganese assets to have substantial upside potential.

Eryn Kestel

REGISTERED OFFICE

Geophysical Surveys

C/-NKH Knight Unit 19 Level 2, Spectrum 100 Railway Road Subiaco WA 6008 Phone: +61 8 9367 8133 Fax: + 61 8 9367 8812

The initial phase of gravity and passive seismic geophysical surveys conducted during November and December 2016, on three (3) old manganese mining areas in the Mary Valley project, has been completed.

PRINCIPAL PLACE OF BUSINESS

The project area has shown potential for extension of known mineralisation and further confirmatory surveys are presently in progress. Final results for all surveys are expected to be available soon after collation and interpretation of the data generated by these surveys.

Level 3, 1060 Hay Street West Perth WA 6005 Phone: + 61 8 9480 0420 Fax: + 61 8 9321 0320

AUSTRALIAN BUSINESS NUMBER 85 142 366 541

For further information please contact:

Eryn Kestel Company Secretary

SHARE REGISTRY

Security Transfer Registrars 770 Canning Highway Applecross WA 6153

WEBSITE

www.eclipsemetals.com.au

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