FMR RESOURCES LIMITED — Capital/Financing Update 2016

Jul 7, 2016

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Media release

8 July 2016

NVOI RAISES AU$8M - BUOYED BY ASX LISTING

The Board of Nvoi Ltd (ASX: NVO) (“Nvoi” or “the Company”) is pleased with the support it has received during its first full day of trading on the ASX, trading well above its placement price of $0.06 per share, and looks forward to achieving the operational milestones it has planned.

The Company recommenced trading following the successful reverse takeover of Orrex Resources

Limited ("Orrex"), by Nvoi.

Coinciding with completion of the transaction, and prior to relisting, the Company completed a public offering of 133,333,333 new shares at $0.06 per share to raise a total of $8 million. As previously advised, the Board of the Company changed at completion to reflect the growth stage of the Company, comprising:

•  Andrew Dutton (Non-Executive Chairman);

•  Tim Ebbeck (Non-Executive Director);

•  Pamela Cass (Non-Executive Director);

•  Warwick Kirby (Group CEO);

•  Mark Rowlands (Founder & Senior Vice President Global Growth).

Nvoi is a start-up venture, the result of years of research and development by Co-Founders, Mark Rowlands and Lindsay Rowlands. Nvoi has developed a global digital staffing platform to provide a full workforce-as-a-service offering to businesses large and small, worldwide. Nvoi aims to become the leading supplier of onsite, non-permanent professionals globally.

The global contingent workforce market is a multi trillion-dollar economy. This market exists today; Nvoi’s mission is to digitally disrupt the current structures, and deliver choice, efficiency and savings to employers and employees alike.

Nvoi is supporting the new way people find and engage for work in the professional non-permanent world of work, creating direct relationships between candidates and clients for contingent work assignments without the traditional intermediary agent.

Commenting on the successful re-listing of its securities on the ASX, Nvoi Group CEO, Warwick Kirby said:

“We are delighted with the successful ASX listing. We are entering an exciting phase of growth as we commence the staged release of features on our Cloud-based Platform in the coming months.”

During the current financial year, the Company will:

•  Release the initial Australian platform - July 2016

•  Develop the customer base and operations from both Enterprise sales and digital acquisitions within the high-volume Sydney and Melbourne markets

•  Build cash flow and consolidate the management and operating structures; and

Nvoi Ltd (ACN 107 371 497) Australia Square, Level 33, 264 George Street, Sydney NSW 2000 www.nvoi.com.au

•  Assess markets and build a presence in selected cities, in a staged manner, in USA, UK, EU and AsiaPac.

At closing, the Nvoi share price was 10c with 7.52 million shares worth $727,539 being traded.

For more information, please contact:

David Tasker

Professional Public Relations

• T: 08 9388 0944/ 0433 112 936

• E: david.tasker@ppr.com.au

About Nvoi

Nvoi is a full stack technology Platform, for both businesses and professionals, the stakeholders of the contingent workforce economy. The Nvoi marketplace facilitates the direct engagement between businesses and professionals to engage in on-site work assignment. Nvoi is the employer-of-record managing billing, payroll and workplace compliance, on-hiring professionals to businesses at scale.

For Business:

Nvoi allows Hiring Managers to post assignments, assess validated candidate profiles, conduct video interviews, and manage the offer and acceptance process with the candidate directly. Nvoi manages the contracts, billing, and payroll as employer-of-record in the transaction.

Nvoi provides enterprise a complete contingent workforce platform. As enterprises continue to see their workforce composition change, Nvoi provides a Platform workforce-as-a-service solution to allow them to manage their changing contingent workforce needs.

For Professionals:

Nvoi delivers the first global contingent worker management platform, removing the middleman from the process, by directly connecting professional with opportunities. Professionals can create a profile, validate identity, working rights, skills and experience, and market themselves directly to businesses seeking those skills.

As the employer-of-record in each assignment transaction, professionals have one central point to manage active assignments, assignment workflow, payroll, pay slips, and taxation reporting. This delivers professionals with complete control and transparency over their professional working life.

Website: http://nvoi.com.au/

Nvoi Ltd (ACN 107 371 497) Australia Square, Level 33, 264 George Street, Sydney NSW 2000 www.nvoi.com.au