HIGHFIELD RESOURCES LIMITED — Share Issue/Capital Change 2016

Aug 21, 2016

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ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE

22 August 2016

ASX Limited Companies Announcement Office Electronic Lodgement System

Dear Sirs

Section 708A Notice – Shares Issued on Conversion of Unlisted Options

Highfield Resources Limited (Company) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act 2001 (Cth) that it has issued 153,333 fully paid ordinary shares in the Company (Shares) without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth).

The Company states that as at the date of this notice it:

• has complied with the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to the Company;

• has complied with section 674 of the Corporations Act 2001 (Cth); and

• is not aware of any excluded information within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (Cth).

An Appendix 3B with respect to the issue of shares was lodged by the Company with the ASX on 18 August 2016.

Yours Faithfully

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Donald Stephens Company Secretary

Registered Office

Head Office

Directors

Highfield Resources Ltd. ACN 153 918 257 ASX: HFR

C/– HLB Mann Judd 169 Fullarton Road Dulwich, SA 5065 Australia

Avenida Carlos III, 13 - Derek Carter 1°B, 31002 Pauline Carr Pamplona, Richard Crookes Spain Jim Dietz –––––––––––––––––– Anthony Hall T. +34 948 050 577 Owen Hegarty

Issued Capital

311.0 million shares –––––––––––––––––– –––––––––––––––––– 51.5 million performance shares T. +61 8 8133 5000 T. +34 948 050 577 57.0 million options F. +61 8 8431 3502 F. +34 948 050 578

Company Secretary Donald Stephens

highfieldresources.com.au