HYTERRA LTD — Capital/Financing Update 2018

Aug 30, 2018

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ASX ANNOUNCEMENT

30 August 2018 By e-lodgement

UNDERWRITTEN ENTITLEMENT OFFER

• Fully Underwritten Rights Issue to raise approximately A$633k before costs

• Triple continuing to actively pursue other new project opportunities to augment

existing operations and strategy

Triple Energy Ltd (ASX: TNP , Company or Triple ) is pleased to advise that the Company intends to undertake a non-renounceable entitlements offer ( Entitlement Offer ) of fully paid ordinary shares ( New Shares ) of two (2) New Shares for every three (3) existing shares held at the record date.

New Shares under the Entitlement Offer will be offered at 2.2 cents per share, approximately a 4% discount to the last traded price of 2.5 cents as at 30 August 2018. The maximum number of New Shares which will be issued under the Entitlement Offer is 29,798,422 to raise $633,565 before costs. Proceeds of the offer are intended to be applied towards evaluation and advancement of potential new projects and general working capital including existing projects.

The Entitlement Offer is fully underwritten by HK-based CIS Securities Asset Management Limited and the timetable for the Entitlement Offer is expected to be determined and announced in the coming days.

Triple Energy Ltd ACN 116 829 675 Unit 24, 589 Stirling Highway, Cottesloe WA 6011 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net