GREAT BOULDER RESOURCES LIMITED — Capital/Financing Update 2017

Jun 22, 2017

23 June, 2017

Company Announcements Office, Australian Securities Exchange,

ASX Code: GBR

Capital Structure

Restricted Securities to be Released from Escrow

In accordance with ASX Listing Rule 3.10A, Great Boulder Resources advises that the following securities will be released from escrow on 7 July 2017:

• 11,028,132 ordinary fully paid shares; and

• 8,483,178 unlisted options exercisable at $0.20 (expiring 18 November 2020).

Yours sincerely,

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John Sendziuk Company Secretary

Ordinary Shares: 68.3m Unlisted Options: 38.0m Unvested Performance Rights: 2m Current Share Price: 15.5₵ Market Capitalisation: A$10.6m Cash (31/03/17): A$4.7m Debt: Nil

Board of Directors

Greg Hall Non-Executive Chairman

Stefan Murphy Managing Director

Murray Black Non-Executive Director

Melanie Leighton Non-Executive Director

Substantial Shareholders

Exploration Capital Partners: 5.2% Directors: 9.7% Key Advisors: 7.8%

Projects

Balagundi Tarmoola Jundee Yamarna Broadwood