GOLDARC RESOURCES LIMITED — Share Issue/Capital Change 2015

Dec 2, 2015

ASX RELEASE

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3 December 2015

CLEANSING STATEMENT ( ASX:TNR)

Torian Resources Limited (Torian or the Company ) is pleased to announce that it has completed the issue and allotment of 83,058 ordinary fully paid shares in part consideration for consulting services provided to the Company by Cmore Pty Ltd.

This Notice is given by Torian pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( the Act ). Torian gives notice that:

• a) On 2 December 2015, the Company completed the issue and allotment of 83,058 ordinary fully paid shares;

• b) The Company has issued the above shares without disclosure to investors under Part 6D.2 of the Act;

• c) As at the date of this Notice, Torian has complied with:

  • a. The provisions of Chapter 2M of the Act as they apply to Torian; and,

  • b. Section 674 of the Act; and

• d) As at the date of this Notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act.

For further information please contact:

Mark Studd Company Secretary 02 9290 9606

ABN: 72 002 261 565

Unit G4, 49 Melville Parade South Perth WA 6151 Phone +61 8 6216 0424 www.torianresources.com.au

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About Torian:

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 60% in this region via five separate acquisitions. The total land position at the Zuleika JV is now approximately 191km², making Torian the third largest landholder in this highly sought after region.

Torian has commenced a large 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.

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