FMR RESOURCES LIMITED — Capital/Financing Update 2015

Mar 8, 2015

==> picture [452 x 67] intentionally omitted <==

6 March 2015

Dear Shareholder

Non - Renounceable Rights Issue

Orrex Resources Ltd (“ Orrex ” or the “ Company ”; ASX: ORX) today announced a capital raising by way of a non-renounceable pro-rata rights issue (“ Rights Issue ” or “ Entitlement Offer ”) that does not require Shareholder approval.

In accordance with the Listing Rules of the Australian Securities Exchange, the Company is pleased to provide you with the following information about the Entitlement Offer.

Each eligible shareholder registered on the Company’s register at 7:00PM (Perth time) on 13 March 2015 (“ Record Date ”) will be entitled to subscribe for one (1) new share for every one (1) ordinary shares held at the Record Date at an issue price of $0.03 (3 cents) per new share. Under the Entitlement Offer a maximum of 36,685,000 shares will be issued to raise up to approximately $1.1 million (before costs and expenses).

An Offer Booklet will be mailed to eligible shareholders on or around 16 March 2015.

If you are an eligible shareholder you should read the Offer Booklet in its entirety before deciding whether to apply for new shares. If you do not understand any part of the Offer Booklet, or are in any doubt as to how to deal with it or your entitlement, you should consult your financial or other professional adviser.

The Company’s shares will be quoted on an “ex” entitlement basis from 11 March 2015, and therefore any of the Company’s shares acquired on market on and after this date will not be entitled to participate in the Rights Issue. The Entitlement Offer is currently scheduled to close at 5:00PM (Perth time) on 31 March 2015.

The net proceeds of the funds raised under the Rights Issue will permit the Company to further develop its exploration assets and facilitate a greater ability to secure new projects.

==> picture [452 x 67] intentionally omitted <==

The indicative timetable for the Rights Issue is as follows:

Action	2015
Offer announced and Appendix 3B and section 708AA notice lodged withASX	6 March
Company sends notice containing information in Appendix 3B toshareholders	10 March
Shares trade ex-entitlements	11 March
Record Date	13 March
Offer Document and Acceptance Form despatched to eligible shareholdersand lodged with the ASX	16 March
Closing date for acceptances	31 March
Deferred settlement trading	1 April
Notify ASX of under-subscriptions	2 April
Issue of new securities	7 April
Holding statements are despatched to shareholders and deferred settlementends	8 April
Normal trading for new shares commences	8 April

Shareholders who have questions relating to the Entitlement Offer should call the Company on +61 438 885 055 between 9:00am and 5:00pm (Perth time) on business days during the offer period for the Entitlement Offer.

Yours faithfully

==> picture [63 x 40] intentionally omitted <==

Jonathan Asquith Company Secretary