GREENWING RESOURCES LTD — Capital/Financing Update 2015

Oct 25, 2015

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26 October 2015

The Manager Company Announcements Australian Securities Exchange Limited

Dear Sir / Madam

Bass Metals Limited to Sell Que River Assets

Bass Metals Limited (“Bass” or the “Company”)(ASX:BSM), is pleased to advise, that it has entered into a 3 month Exclusivity Period with private company Mancala Resources Pty Ltd (“Mancala”) with the purpose of divesting its Que River Assets in Tasmania to Mancala. Amongst other things the Company’s Que River Assets include the Que River Mine, Access Lease and the Mt Block exploration lease, which contain base metals inventories of Zinc and Lead, with a variety of additional precious metals.

The terms of Mancala’s conditional offer contains a Due Diligence period, as well as conditions that are typical of this type of Transaction. Mancala will be working to complete their Due Diligence during the Exclusivity Period and enter into a binding agreement thereafter.

The Transaction follows Bass’ announcement (ASX release 2 September 2015) to acquire a strategic interest in Stratmin Global Resources Plc’s (“Stratmin”)(AIM:STG), Madagascan producing graphite operations which currently produce high quality graphite flake concentrate for sale to a large US based offtake partner.

Yours faithfully

Rick Anthon Chairman

-end-

Contacts and information:

Stratmin Global Resources Plc - www.stratminglobal.com Bass Metals Ltd – www.bassmetals.com.au

Rick AnthonChairman: Bass Metals Ltd	info@bassmetals.com.au
Barbara PeselMedia & Investor Relations	03 9036 6900barbara.pesel@peselandcarr.com.au
David RoundCompany Secretary	0411 160 445david@averio.com.au

Level 5, 10 Market Street, Brisbane, QLD, 4000 GPO Box 2676, Brisbane, QLD, 4001 Telephone (07) 3221 0783 www.bassmetals.com.au