GREENWING RESOURCES LTD — Environmental & Social Information 2016

Sep 28, 2016

ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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BASS METALS COMMENCES ITS

COMMUNITY ENGAGEMENT PROGRAM

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Highlights

• Bass Metals commences its Graphmada Care Program for community engagement and social development.

• The Company has commissioned its first water well for the Mahatsara community.

• New school desks are being constructed for the Isokatra Village.

• Installation completed of the Vohitsara Village bridge.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to announce it has commenced its community engagement program: Graphmada Care. The program is based on the commitment by the Company to develop its business through strong local partnerships built on five pillars; education, health, production, transparency and empowerment.

As such, the Company has complete its first water well for the Mahatsara community and plans to install two more water wells at neighbouring communities before the end of the year.

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Construction and testing of the Mahatsara water well by Corporate Affairs Manager Mamison Randriananatenaina.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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Unveiling of the Mahatsara water well by Graphmada General Manager Wilhelm Reitz.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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Present at the commissioning of the water well at Mahatsara were CEO Tim McManus, Corporate Affairs Manager Mamison Randriananatenaina, Bass Metals Director Peter Wright, Bass Metals major shareholder David Rooke, and Graphmada General Manager Wilhelm Reitz.

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Celebrating the opening of the Mahatsara water well.

Recently, Graphmada was also requested by the Isokatra Village to assist in repairing school desks. With some deteriorating past the point of repair, Graphamada has offered to replace the desks and provide ongoing support to the school.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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The Company has also begun the installation of the Vohitsara Village bridge to assist locals in accessing regional facilities and respected areas of importance, as well as providing a crossing for cattle.

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Corporate Affairs Manager, Mr. Randriananatenaina, inspects the progress of bridge construction.

The Company plans to continue to engage with the community through the Graphmada Care Program to ensure its participation in the Madagascan mining sector is both successful and productive for the Company and its local partners.

Bass Metals CEO, Mr Tim McManus:

“The company is pleased to partner with the local communities around Graphmada to deliver a sustainable presence for the Company and benefits for our local stakeholders. We look forward to expanding our contribution through the Graphmada Care Program as our business here in Madagascar grows.”

For more information, please contact:

Tim McManus Chief Executive Officer Phone: (07) 3221 0783 Email: admin@bassmetals.com.au

Please visit us at: www.bassmetals.com.au

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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Our Vision

To be a world leading graphite producer that can sustainably trade to market demand.

ABOUT THE GRAPHMADA LARGE FLAKE GRAPHITE MINE

Madagascar has been a recognised producer and exporter of graphite since 1907 and sets the world standard for product quality and flake size. The Graphmada Graphite Mine is situated in eastern Madagascar, approximately 100 km by sealed highway from the export port of Tamatave.

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The Graphmada Mine hosts four known deposits. Recent mining activities have been

focused on the Loharano deposit, while the Mahefedok deposit has also undergone trial mining as part of life-of-mine development studies. The Mahela and Ambatofafana deposits are still to be explored to their full potential.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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The graphite at Graphmada is hosted in both weathered regolith and underlying graphitic gneiss, with the grade of graphitic carbon increasing with depth. All mining to date has been very shallow and low cost, with the mining horizon from 1.5m below surface to a depth of 6-8m. However, the graphite bearing regolith is known to go to depths of more than 30 metres, to the underlying hard-rock mineralisation. Mineralisation at Mahefedok alone is open along a strike of approximately 1.8km and to depth.

The 140-strong workforce utilises modern facilities and infrastructure, with an on-site doctor, pharmacy, housing, offices, communications and a advanced analytical laboratory in place.

Also installed on site is a 6,000 product tonne per annum processing plant, with a drying and packaging facility, which the Company plans to improve and refurbish to reach nameplate capacity.

Graphmada sold approximately 1,500 product tonnes in the 2015 calendar year, with a proportion of the product being large flake graphite at 94% or greater purity. The Graphmada brand is synonymous with quality

large flake graphite concentrate and is well established in traditional markets, as well as potential to push into new technology markets.

Bass Metals will add value by leveraging Graphmada’s reputation for quality, improving operational efficiencies, and expanding graphite production through a lowcapital and timely expansion into a high growth market.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 29 SEPTEMBER 2016

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DISCLAIMER & CAUTIONARY STATEMENTS

Disclaimer

This document has been prepared by Bass Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

The document may contain forward-looking information and prospective financial material, which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' statements. All persons should consider seeking appropriate professional advice in reviewing the document and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connection with the document is, or should be taken as, constituting the giving of investment advice to any person.

Forward-looking statements

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.

BASS METALS LTD. (ASX: BSM)

Email: admin@bassmetals.com.au Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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