GOLDARC RESOURCES LIMITED — Board/Management Information 2016

May 23, 2016

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ASX RELEASE

24 MAY 2016

DIRECTOR APPOINTMENT

Torian Resources Limited ( ASX:TNR ) is pleased to announce that Mr. Glenn Jardine has joined the Company as an independent non-executive director effective today.

Mr. Jardine is an experienced mining executive who will assist the Company with various corporate and project development opportunities. Mr. Jardine’s previous roles include chief executive officer of Kimberley Metals Group Pty Ltd, managing director of Southern Cross Goldfields Limited and managing director of LionOre Australia Pty Ltd. He holds a B.E. (mining) from the University of Queensland, is a member of the AICD and has over 25 years’ experience in project development, operations and corporate activities.

This appointment adds significant project development and corporate skills to the board and aligns with the Company’s strategy of assessing the potential of its suite of projects and pursuing corporate opportunities. It also provides further independence to the Board and strengthens its governance practices.

We believe that Glenn will make a valuable contribution to the Company and look forward to working with him to develop the Company’s projects and facilitate other corporate opportunities.

For further information, please contact:

Matthew Sullivan Managing Director

(08) 6216 0424 info@torianresources.com.au

ABN: 72 002 261 565 Unit G4, 49 Melville Parade, South Perth, 6151 Australia Phone +61 2 9923 1786 Fax +61 2 9923 1371 info@torianresources.com.au www.torianresources.com.au

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About Torian:

Torian Resources Ltd ( ASX:TNR ) is a highly active Australian gold company that is focused on developing the gold mines of tomorrow. The Company has four advanced projects located in the Goldfields region of Western Australia.

Torian’s flagship Project, the Zuleika JV, lies north and partly along strike of several major gold mines including Northern Star (ASX:NST), Tribune Resources (ASX:TBR) and Rand Mining’s (ASX:RND) 7Moz East Kundana Joint Venture and Evolution’s (ASX:EVN) Frogs Legs and White Foil operations.

Since May 2015, Torian has increased its landholding at the Zuleika Project by approximately 75% via seven separate acquisitions. Torian is now the second largest landholder in this highly sought after region and is focused on fast tracking its development.

Torian has commenced a large, 4 Phase, exploration program that is targeting the Zuleika Shear and intends to further consolidate ground in this region.

Torian is also developing the high grade Mt Stirling Project which has an outcropping inferred resource located 40km North West of Leonora. Following a successful infill drilling program in December, Torian is currently completing a scoping study on the project to assess it as a standalone mining operation.

Torian’s exploration team has an enviable track record of discovering and developing a number of multimillion ounce gold mines in this region. Torian is commencing an exciting phase in its development, and we look forward to updating the market as things progress.

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