FIN RESOURCES LIMITED — Board/Management Information 2016

Jul 11, 2016

12 July 2016

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BOARD & MANAGEMENT

CORPORATE UPDATE – PROPOSED TRANSACTION

Mr Greg Bandy MANAGING DIRECTOR

Orca Energy Limited ( Orca or the Company ) advises that the proposed acquisition and Chapter 11 transaction referred to in the Company’s announcement dated 24 June 2016 will not proceed.

Following due diligence and an assessment of market conditions, both parties have mutually agreed to withdraw and thereby terminate further discussions and negotiations. Orca maintains communications with the proposed target and may reassess this position in the future.

Following the Company’s recent suspension, ASX has advised Orca that it considers the Company is not in compliance with Chapter 12 of the Listing Rules and will require the Company’s securities to remain suspended from trading. The Board made a formal submission for re-instatement to trading, which was respectfully considered.

Notwithstanding, the Company remains committed to identifying a suitable asset for listing purposes and continues in its endeavors to do so, at which point, and after seeking all necessary regulatory approvals, it fully expects its shares to be re-instated to trading.

Mr Jason Bontempo NON-EXECUTIVE DIRECTOR

Mr Nathan Rayner NON-EXECUTIVE DIRECTOR

Mr Aaron Bertolatti COMPANY SECRETARY

REGISTERED OFFICE Level 1 35 Richardson Street West Perth WA 6005

POSTAL ADDRESS PO Box 1440 West Perth WA 6872

Orca’s cash position as at June 30, 2016 was approximately $4.4m

CONTACT DETAILS Tel: +61 8 9212 0102

For and on behalf of the Board

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Greg Bandy Managing Director

WEBSITE orcaenergy.com.au

SHARE REGISTRY Advanced Share Registry 110 Stirling Highway Nedlands WA 6009

ASX CODE OGY