GOLDARC RESOURCES LIMITED — Capital/Financing Update 2018

Feb 27, 2018

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ASX RELEASE

28 FEBRUARY 2018

Placement Capacity

Torian Resources Limited (ASX: TNR) advises that it has inadvertently exceeded its capacity to issue equity securities without security holder approval under listing rule 7.1. The Company unintentionally neglected to include 1,151,620 shares issued on 14 September 2017 in its Listing Rule 7.1 placement capacity calculation which resulted in the Company issuing 1,151,620 shares in excess of the Company’s Listing Rule 7.1 placement capacity on 8 February2018.

As a result and at ASX’s request, the Company will not seek Shareholder ratification of the 1,151,620 equity securities that were issued on 8 February 2018 and these securities will remain in “C” when the Company calculates it capacity under listing rule 7.1 for 12 months following the date of the issue of the equity securities; being to 8 February 2019.

For further information please contact:

Elissa Hansen Company Secretary 0411 764 556

ABN: 72 002 261 565 104 Colin Street West Perth WA 6008 Phone +61 8 6216 0424 Fax +61 8 6216 0425 www.torianresources.com.au