HAWSONS IRON LTD — Capital/Financing Update 2019

Apr 16, 2019

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17 April 2019

Market Announcements Office ASX Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000

Share Purchase Plan

Carpentaria Resources Limited (ASX:CAP) (the Company ) is pleased to announce that the Company will make offers to issue fully paid ordinary shares in the Company (Shares) to eligible shareholders under a Share Purchase Plan (SPP) without disclosure in accordance with ASIC Class Order [CO 09/425] ( Offer ). The Offer will involve the issue of up to approximately 41,666,666 new Shares and will allow each eligible shareholder to apply for up to 312,500 Shares ($15,000.00) at an issue price of $0.048 per share to raise gross proceeds of up to $2.0m before costs.

Further details of the SPP will be included in an SPP Offer Document, which will separately be lodged with ASX later today.

The Company gives notice under paragraph 7(f)(ii) of ASIC Class Order [CO 09/425] that:

• the Company will make offers to issue Shares under a share purchase plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (the Act );

• this notice is given in accordance with ASIC Class Order [CO 09/425];

• as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

• as at the date of this notice, there is no excluded information (in accordance with the requirements of subsections 708A(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) of the Act).

For and on behalf of the Board

Quentin Hill

Managing Director

+61 7 3220 2022

Carpentaria Resources Limited ABN : 63 095 117 981 ASX : CAP

info@capex.net.au carpentariares.com

Level 6, 345 Ann Street Brisbane Qld 4000 PO Box 10919, Adelaide St Brisbane Qld 4000

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