ESTRELLA RESOURCES LIMITED — Capital/Financing Update 2016

Dec 18, 2016

==> picture [212 x 88] intentionally omitted <==

19 December 2016

Company Announcements ASX Limited

Expiry of Options

The following unlisted options have expired:

1. 125,000 Unlisted options with exercise price $1.40 expiry 18 December 2016

2. 126,250 Unlisted options with exercise price 80 cents expiry 19 December 2016

Notice was not provided to option holders as the option prices are significantly above the current trading price.

Guy Robertson Company Secretary

==> picture [596 x 12] intentionally omitted <==

Office Address Suite 1503B Level 15, 1 Alfred Street New South Wales 2000 Australia Postal Address PO Box R933 Royal Exchange New South Wales 1225 Australia Phone +61 2 9078 7671 Email info@estrellaresources.com.au