GOLDARC RESOURCES LIMITED — Capital/Financing Update 2017

Dec 3, 2017

ASX RELEASE

4 DECEMBER 2017

==> picture [178 x 67] intentionally omitted <==

RC DRILLING COMMENCES AT PARADIGM NORTH

HIGHLIGHTS

• RC Drilling is now complete at Paradigm South;

• The Rig has moved to Paradigm North where drilling has now commenced;

• The drilling program will test the northern strike extensions to Northern Star’s Paradigm mine; and

• Assays results from Paradigm South are pending.

Torian Resources Ltd ( ASX:TNR ) ( Torian or Company ) is pleased to announce that drilling has now commenced at Paradigm North. Torian’s Paradigm North target is located approximately 65km North East of Kalgoorlie.

Paradigm North covers approximately 4km of strike extensions to Northern Star’s (ASX:NST) Paradigm mine. Paradigm North is a high priority target for the Company.

==> picture [326 x 244] intentionally omitted <==

Figure 1: RC Drilling underway at Torian’s Paradigm North Prospect.

The Company has commenced a program of close spaced angled RC drilling which should effectively test the oxide zone for gold mineralisation in this well-endowed region. Approximately 8,370m of drilling is proposed.

ABN: 72 002 261 565 104 Colin Street, West Perth, WA 6005, Australia Phone +61 8 6216 0424 Fax +61 8 9322 4130

info@torianresources.com.au www.torianresources.com.au

==> picture [116 x 44] intentionally omitted <==

For further information, please contact:

==> picture [141 x 37] intentionally omitted <==

Matthew Sullivan

Managing Director info@torianresources.com.au

About Torian:

Torian Resources Ltd ( ASX:TNR ) is a highly active gold exploration and development company. Following the acquisition of Cascade Resources, the Company has a large and strategic landholding comprising eight projects and over 500km² of tenure located in the Goldfields Region of Western Australia.

Torian’s flagship project, Zuleika, is located along the world class Zuleika Shear. The Zuleika Shear is the fourth largest gold producing region in Australia and consistently produces some of the country’s highest grade and lowest cost gold mines. Torian’s Zuleika project lies north and partly along strike of several major gold deposits including Northern Star’s (ASX:NST) 7.0Moz East Kundana Joint Venture and Evolutions (ASX:EVN) 1.8Moz Frogs Legs and White Foil deposits.

The Zuleika Shear has seen significant corporate activity of late with over A$1 Billion worth of acquisition in the region by major mining companies. Torian’s Zuleika project now comprises approximately 223km² making Torian the second largest landholder in this highly sought after region.

Last year Torian drilled 59,345m for a total of 1,319 holes across its projects. The large drilling campaign tested 26 exploration targets and, importantly, made four gold discoveries. This makes Torian one of the most active gold explorers on the ASX.

2