ENCOUNTER RESOURCES LIMITED — Capital/Financing Update 2019

Jul 2, 2019

Market Announcement

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3 July 2019

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Encounter Resources Limited – Trading Halt

Description

The securities of Encounter Resources Limited (the ‘Company’) will be placed in trading halt 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 until the earlier of the commencement of normal trading on Monday, 8 July 2019 or when the announcement is released to the market.

Security Code: ENR

Issued by

Chris Hesford

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

3 July 2019 ASX Limited

Level 7, 600 Murray Street West Perth WA 6005

PO Box 273 West Perth WA 6872

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P 08 9486 9455 F 08 6210 1578 www.enrl.com.au

ASX : ENR

3 July 2019

ASX Limited Central Park 152-158 St Georges Terrace PERTH WA 6000

Attention: Chris Hesford

tradinghaltsperth@asx.com.au

Dear Chris

Encounter Resources Limited (‘Encounter) – Request for Trading Halt

In accordance with Listing Rule 17.1, Encounter requests that an immediate trading halt be placed on its securities pending an announcement to the market regarding a proposed share placement to a strategic shareholder.

The Company anticipates that the trading halt will be lifted on or before market open on Monday 8 July 2019 by provision of an announcement to ASX regarding the proposed capital raising.

Encounter is not aware of any reason why the trading halt should not be granted, nor of any other information relevant to this request.

Yours sincerely

Dan Travers Company Secretary