GREENWING RESOURCES LTD — Capital/Financing Update 2015

Sep 30, 2015

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1 October 2015

The Manager Company Announcements Australian Securities Exchange Limited

Dear Sir / Madam

Update to funding investment in Graphmada

Bass Metals Ltd (“Bass” or “the company”) is pleased to announce indicative commitments for the funding of the initial £500,000 (AU$ 1,023,000) for the transaction to acquire a 25% interest in Graphmada Mauritius.

Funding for this first tranche of the transaction is being met by a placement of 94 million fully paid ordinary shares at 1.3 cents per share to raise approximately $1,200,000.

Bass is being supported in this capital raising by sophisticated and existing investors and Bass has already made a payment of £75,000 to Stratmin Global Resources Plc (“Stratmin”) as part of the proposed transaction.

The parties have extended the completion date of the initial tranche to 21 October 2015 to accommodate interest from key offshore investors.

The raise is being managed by Broadgate Stockbroking and made using the Company’s existing placement capacity under Listing Rules 7.1 and 7.1A.

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