GOLDARC RESOURCES LIMITED — Capital/Financing Update 2018

Jun 14, 2018

ASX/MEDIA RELEASE 15 June 2018

==> picture [594 x 113] intentionally omitted <==

COMMENCEMENT OF INFILL RC DRILLING PROGRAM AT PARADIGM SOUTH

Torian Resources Ltd ( Torian or Company ) ( ASX:TNR ) is pleased to announce that infill RC drilling has commenced at Paradigm South in its flagship Zuleika Project.

A program of 14 holes for 2,100 metres has been designed to drill targets to depths of approximately 140200m. The holes will target the four zones of mineralisation discovered at Paradigm South (as announced on 9 April 2018). These four zones remain open at depth and along strike to the south east.

The previous results appeared to show that mineralisation associated with the Paradigm gold mine located to the north-west (ASX:NST) continues onto the ground held by Torian.

==> picture [502 x 283] intentionally omitted <==

Figure 1: Plan showing Torian’s Paradigm South Target with surrounding minesites.

For further information, please contact:

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

Matthew Sullivan Managing Director info@torianresources.com.au

==> picture [594 x 85] intentionally omitted <==

About Torian:

Torian Resources Ltd ( ASX:TNR ) is a highly active gold exploration and development company. The Company has amassed 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 comprises approximately 223km² of tenure making Torian the second largest landholder in this 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 making Torian one of the most active gold explorers on the ASX.

Competent Person:

Information in this report pertaining to mineral resources and exploration results was compiled by Mr MP Sullivan who is a member of Aus.I.M.M. Mr Sullivan is the chief geologist of Jemda Pty Ltd, consultants to the company. Mr Sullivan has sufficient experience which is relevant to the style of mineralisation and the type of deposit that is under consideration and to the activity that he is undertaking to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Sullivan consents to the inclusion in the report of the matters based on his information in the form and context in which is appears.

2