HAMMER METALS LIMITED — Capital/Financing Update 2017

Aug 16, 2017

AuKing Mining Limited ABN 29 070 859 522 (previously Chinalco Yunnan Copper Resources Ltd)

Suite 11, Level 4, 320 Adelaide Street Brisbane QLD 4000 GPO Box 216 Brisbane QLD 4001 Tel: +61 7 3041 1306

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17 August 2017

ASX ANNOUNCEMENT

Completion of Mount Isa Tenement Sale

As previously announced to the ASX, AuKing Mining Limited (AKN) entered an agreement on 15 December 2016 with Hammer Metals Ltd (ASX Code - HMX) relating to that company’s acquisition of all of AKN’s existing mining tenement holdings in the Mount Isa region.

On 27 March 2017 AKN announced that completion of the sale of AKN’s 100% interest in EPMs 12205, 14019 and 14022 had been effected. At that time, AKN was issued 1,250,000 ordinary shares in HMX which were capable of being traded on the ASX, subject to a voluntary escrow restriction that would apply until 17 November 2017.

The sale of AKN’s Mt Frosty JV interest (EPM 14467) was conditional upon consent being secured from Mount Isa Mines in respect of the proposed transfer of AKN’s 51% interest in EPM 14467 and to certain changes requested by HMX to be made to the existing Mt Frosty Joint Venture agreement. All consents and documents have now been finalised and signed by the parties, clearing the way for completion of this sale to take place. Completion of this sale has now occurred and a further 250,000 ordinary shares in HMX have been issued to AKN, subject to the same November 2017 voluntary escrow restriction.

Yours sincerely

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Paul Williams Managing Director 0419 762 487

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