GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2020

Jun 17, 2020

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ASX RELEASE

18 June 2020

For immediate release to the market

Letter of Intent – Deflector Flotation Tails Leach Project

GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that it has received a letter of intent (LOI) from Silver Lake (Deflector) Pty Ltd, a wholly owned subsidiary of Silver Lake Resources Limited (ASX:SLR) (Silver Lake), for the award of upgrade works involving the flotation tailings leach process at the Deflector gold copper operations (the Project).

The Project is located in the southern Murchison region of Western Australia, 450 km north of Perth and 160 km east of Geraldton.

The contract sum is $23 million and will be undertaken on an engineering, procurement and construction (EPC) basis. The EPC contract for the works will be finalised next month and GR Engineering will commence early works immediately.

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

“GR Engineering is excited to have received the letter of intent from Silver Lake, one of WA’s leading gold producers. This LOI award represents GR Engineering’s first major project with Silver Lake. We are looking forward to engaging closely with the Silver Lake team to deliver safe and successful outcomes for the Project.

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