FIRST AU LIMITED — Capital/Financing Update 2018

Jun 7, 2018

PUBLIC HOLDINGS (AUSTRALIA) LIMITED

A.C.N. 000 332 918

8 June 2018

ASX Announcement

Successful completion of capital raising and acquisitions

Public Holdings (Australia) Ltd ( Company ) (to be renamed 'First Au Limited') is pleased to announce the completion of the transactions to acquire a 100% interest in both the Gimlet Gold Project and Talga Project, and to earn an interest of up to 70% in the Emu Creek Copper and Gold Project from Great Sandy Pty Ltd and Drillabit Pty Ltd.

In addition, the Company has raised $6,216,000 under the public offer pursuant to the prospectus dated 6 April 2018.

As a result of completion of the acquisitions, the Company confirms:

• Messrs Clayton Dodd, Oreste Biziak and Peter Chapman have resigned as non-executive directors effective immediately; and

• Mr Richard Revelins has been appointed as Executive Director, and Messrs Damon O'Meara and Michael Quinert have been appointed as Non-Executive Directors.

The Company has received conditional approval to re-list from ASX and will update the market once a reinstatement date has been confirmed.

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Bryan Frost Chairman and Managing Director

Registered Office: Level 1 / 123 Whitehorse Road, Balwyn Vic. 3103 Australia. Phone: +61 3 9817 0700 Fax: +61 3 9817 0799 Email: office@mcbainmccartin.com.au