GBM RESOURCES LIMITED. — Capital/Financing Update 2016

Nov 20, 2016

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ABN 91 124 752 745

ASX Announcement

ASX Code: GBZ

21 November 2016

COMPANY DIRECTORS

Conditions Satisfied on AUD$10 Million Loan Agreement

The Board of GBM Resources Limited (‘GBM’ or ‘the Company’) is pleased to advise that all due diligence has been satisfactorily completed and the AUD$10 million Loan Agreement (‘Loan’) with National Federal Capital Ltd (NCF) is now unconditional (refer ASX announcement 18 October 2016 for further details of the funding arrangements) .

Settlement of Tranche 1 of AUD$5 million has been rescheduled to be completed by 2 December 2016 (previously 21 November 2016). The balance of the Loan being AUD$5 million (Tranche 2) is to be completed on or before 28 February 2017.

The key objective of the Company is to become a gold producer in the near-term and securing this funding supports the redevelopment of the Company’s flagship Mount Coolon Gold Project.

Peter Thompson Managing Director/ Executive Chairman

Neil Norris Exploration Director – Executive

Hun Seng Tan Non-Executive Director

CONTACT DETAILS

Principal & Registered Office Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153

Exploration Office 10 Parker Street, Castlemaine, Victoria 3450

Website www.gbmr.com.au

Email info@gbmr.com.au

Phone +61 (8) 9316 9100

Fax +61 (8) 9315 5475

For further information please visit www.gbmr.com.au or contact:

Media: Karen Oswald Marko Communications Tel: + 0423 602 353 Karen.oswald@markocommunications.c om.au

Investors:

Peter Thompson Managing Director GBM Resources Tel: +61 8 9316 9100

Phone (Exploration Office) +61 (3) 5470 5033

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