GREENWING RESOURCES LTD — Capital/Financing Update 2015

Sep 17, 2015

ASX Release

18 September 2015

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The Manager Company Announcements Australian Securities Exchange Limited

Green light for acquisition of Graphmada investment

Highlights

 Due diligence complete and supports acquisition strategy

 Funding options for first tranche commenced

Bass Metals (Bass, ASX: BSM) has successfully completed due diligence of the Madagascan graphite operations with AIM listed Stratmin Global Resources Plc (Stratmin, AIM:STG).

The process brought management teams together to review legal and technical information as well as providing an opportunity to discuss future growth of the projects.

Having satisfied the primary diligence requirements, Bass is now moving immediately to funding of the first tranche of the acquisition; the right to subscribe GBP 500,000 (A$1million).

Initial conversations with investors have indicated keen interest and support of the strategy.

Rick Anthon, Bass Chairman commented: “Completion of the various technical, legal and commercial reviews is an important milestone for Bass in making this investment. Our initial announcement attracted a positive response from the London market and the collaboration between Stratmin and Bass.”

Research released last week by London based Allenby Capital Ltd including commentary on the transaction is available at their website below:

http://allenbycapital.com/research.html

-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