GREENWING RESOURCES LTD — Capital/Financing Update 2015

May 18, 2015

ASX Release

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19 May 2015

The Manager Australian Securities Exchange 20 Bridge Street Suite 7, Level 2 Sydney NSW 2000

Dear Sir/Madam

Termination of Conditional Sale Agreement

Bass Metals Limited (“Bass” or the “Company”)(ASX:BSM) has received notice from Moreton Resources Limited (“Moreton”)(ASX”MRV) that it intends not to complete the acquisition of Bass’ Tasmanian Assets as announced on 28 April 2015.

Bass will reassess its Tasmanian Assets so as to derive value for Shareholders, whilst continuing to evaluate various potential value adding acquisitions. The Company shall keep Shareholders updated in regard to progress with its Tasmanian Assets and any future potential acquisition.

Regards

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______________________ Rick Anthon Chairman

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