GOLDARC RESOURCES LIMITED — Capital/Financing Update 2015

Dec 6, 2015

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ASX RELEASE

7 DECEMBER 2015

DRILLING COMMENCES AT MT STIRLING

Torian Resources Ltd ( ASX:TNR ) is pleased to advise that an RC drill rig has commenced drilling at the Company’s Mt Stirling Project, near Leonora.

The aim of this drilling programme is to infill the existing historic drilling at Mt Stirling Well. A total of approximately 51 holes for approximately 1,700m are proposed.

Results will be announced when they have been received and assessed by the Company’s technical team.

For further information please contact:

Mark Studd Company Secretary 02 9290 9606

About Torian:

Torian Resources Ltd (ASX:TNR) is an Australian gold exploration and development company. The company has three advanced projects located in the Goldfields region of Western Australia.

Torian has recently entered into a $5m Joint Venture over the Zuleika project which is located along the world class Zuleika Shear. The project lie north and partly along strike of several major gold deposits including Northern Star (ASX:NST), Tribune Resources (ASX:TBR) and Rand Mining’s (ASX:RND) 7Moz East Kundana Joint Venture (EKJV) and Evolutions (ASX:EVN) Frogs Legs and White Foil deposits.

ABN: 72 002 261 565 Unit G4, 49 Melville Parade South Perth WA 6151 Perth Office Phone: +61 8 6216 0424 Kalgoorlie Office Phone: +61 8 9093 4818 www.torianresources.com.au

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Since May 2015, Torian has increased its landholding by approximately 60% in this region via six separate acquisitions. The total land position at the Zuleika JV is now approximately 184km², making Torian the third largest landholder in this region.

Torian has commenced an aggressive four phase exploration program that is targeting the Zuleika Shear and intends to further consolidate ground in this highly prospective region.

Torian’s exploration team has an enviable track record of exploration success in this region including the discovery of East Kundana (3.5 Moz) directly south of Torian’s Zuleika JV. This regional exploration success provides unique insight which the board believes will yield results.

Torian is commencing an exciting phase in its development and we look forward to updating the market on our progress in due course.

ABN: 72 002 261 565 Unit G4, 49 Melville Parade South Perth WA 6151

Perth Office Phone: +61 8 6216 0424 Kalgoorlie Office Phone:

+61 8 9093 4818 www.torianresources.com.au