GOLDARC RESOURCES LIMITED — Capital/Financing Update 2015

Aug 27, 2015

ASX RELEASE

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28[th ] August 2015

TORIAN ADDS A FURTHER STRATEGIC ACQUISITION TO ZULEIKA JV

Highlights:

• New area at Mt Pleasant North added to the Zuleika JV.

• Mt Pleasant North lies to the west of Zijin’s Paddington Mine and within close proximity of several major gold deposits including Northern Star, Tribune Resources and Rand Mining’s EKJV at Kundana (7Moz).

• The acquisition of the Mt Pleasant North project strengthens Torian’s position as one of the largest landholders in the Zuleika region.

• Torian’s Zuleika JV now comprises 100 tenements and covers approximately 191km².

• Torian’s exploration team is currently finalising a review of the Mt Pleasant North project and is assembling an extensive database of significant historical exploration.

• The acquisition of the Mt Pleasant North project further delivers on Torian’s objective of continuing to grow its footprint in this world class gold region.

Torian Resources Ltd ( ASX: TNR , Torian or Company ) is pleased to announce that Cascade Resources Ltd ( Cascade ), as the manager of the Zuleika Joint Venture ( JV ), has signed an option to purchase 13 tenements ( Acquisition Tenements ) covering 16.09km² at Mt Pleasant North. While these tenements are not on the Zuleika Shear, they are located on associated structures, which closely aligns with Torian’s strategic objectives.

The Zuleika JV now consists of 100 tenements and covers approximately 191km². Cascade will add these tenements to the JV for no additional consideration.

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

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As previously announced, Torian continues to be engaged with various third parties to secure further strategic ground in the Zuleika region. At this stage these discussions have not been finalised.

Previous exploration in this area has been remarkably light, with broad spaced auger sampling (200m by 50m) and approximately 190 shallow reconnaissance RAB and air core drill holes (generally 20-50m) of various geochemical and structural targets. The average depth of previous drilling is 36.6m.

The Company’s exploration team is currently adding all publically-available historic data related to the Acquisition Tenements into a comprehensive digital database, which will be provided to the market once completed.

Project Location Map

The map below illustrates the location of the Acquisition Tenements relative to the Zuleika JV’s existing tenements. It also illustrates the proximity of Torian’s Zuleika JV tenement package relative to other Australian gold producers and large sovereign gold funds along the Zuleika Shear.

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Figure 1: Map showing the new acquisition (red outline) and the large Australian gold companies within the region.

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Torian’s MD, Matthew Sullivan comments:

“We are very pleased with this strategically important acquisition. Our technical team has targeted this ground for quite some time. Our local knowledge of this region and many of the people within it has allowed us to assemble an enviable tenement package in this world class gold region. This is a strategic acquisition for Torian as it is located in close proximity to a large, producing gold mine. An initial data review shows encouraging results and highlights the considerable upside of this outstanding location.”

Tenements

P24/1148 – P24/4429 and P24/4468

For further information please contact:

Mark Studd Company Secretary (02) 9290 9606

About Torian:

Torian Resources Ltd 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 lies 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).

Since May 2015, Torian has increased its landholding by approximately 60% in this region via five separate acquisitions. The total land position at the Zuleika JV is now approximately 191km², making Torian the third largest landholder in this region.

Torian has commenced a large 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 which includes a number of multi-million ounce gold discoveries in this region. Torian is commencing an exciting phase in its development and we look forward to updating the market on our progress in due course.

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