GOLDARC RESOURCES LIMITED — Capital/Financing Update 2018

Feb 13, 2018

14 FEBRUARY 2018

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ASX RELEASE

Valuation Report

Further to the Shares issued on 7 February 2018 utilising the Company’s placement capacity under Listing Rule 7.1.A, please find below an Independent Expert’s Report on the valuation of the Shares which confirms that the issue of Shares comply with the conditions of Listing Rule 7.1A.3.

The directors confirm that the Shares issued under Listing Rule 7.1A for consideration of Land Management Services fits within the purpose stated in the Company’s Notice of Meeting approving the 7.1A placement capacity. The Land Management Services provided by the consultant, that were settled via the issue of Shares, were for the acquisition of new assets (pegging of new tenements).

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