GOLDARC RESOURCES LIMITED — Capital/Financing Update 2015

Aug 12, 2015

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ASX RELEASE

13 August 2015

$2.7M PLACEMENT

Capital Raising

Torian Resources Limited ( ASX:TNR , Torian or Company ) earlier today announced the placement of ordinary shares to professional and sophisticated investors at an issue price of $0.1917 per share to raise AUD$2,700,000.

The previous announcement referred to the number of shares as 12,459,657 ordinary shares. This figure was incorrect. The correct figure is 14,084,508 ordinary shares.

As announced earlier today, the issue price was $0.1917, raising AUD$2,700,00.

For further information please contact:

Mark Studd Company Secretary 02 9290 9606

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

About Torian:

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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 50% in this region via four separate acquisitions. The total land position at the Zuleika JV is now approximately 175km², making Torian the third largest landholder in this region.

Torian has commenced an aggressive 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.