GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2020

Sep 16, 2020

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ASX RELEASE

17 September 2020

For immediate release to the market

Appointment as Preferred Tenderer – Warrawoona Gold Project

GR Engineering Services Limited (ASX: GNG) (GR Engineering) is pleased to announce that it has been appointed preferred tenderer by Calidus Resources Limited (Calidus) in relation to the design and construction of the process plant and associated infrastructure for the Warrawoona Gold Project (the Project).

The Project is located in the East Pilbara district of the Pilbara Goldfield Western Australia, approximately 150km south east of Port Hedland and approximately 25km south east of the town of Marble Bar.

Calidus is in the process of finalising operating permits and are likely to commence project development in early 2021.

Commenting on the award, Mr Geoff Jones, Managing Director said:

“GR Engineering is pleased to have been appointed as preferred tenderer by Calidus. We are excited to continue to work with the Calidus management team and look forward to Calidus becoming one of Australia’s newest gold producers.”

Ends.

For further information please contact:

Geoff Jones

Managing Director

 +61 8 6272 6000  geoff.jones@gres.com.au

Omesh Motiwalla

CFO & Company Secretary

•  +61 8 6272 6000

•  omesh.motiwalla@gres.com.au

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GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: gres@gres.com.au Website: www.gres.com.au PO Box 258, Belmont WA 6984 71 Daly Street, Ascot WA 6104