KING RIVER RESOURCES LIMITED — Capital/Financing Update 2015

Nov 24, 2015

25[th] November 2015

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----- Start of picture text ----- C OMPLETION OF R IGHTS I SSUE ANDP LACEMENT----- End of picture text -----

ASX Announcement

COMPLETION OF RIGHTS ISSUE AND PLACEMENT

The Board of King River Copper is very pleased to advise that the company has now received applications (~83%) from the recent rights issue totaling 83,735,163 shares ($837,352) together with the proceeds of the placement of 30,000,000 million shares ($300,000).

The Company plans to move to allotment over the next 48 hours.

This high level of shareholder support has again placed the Company in an excellent position to continue pursuing our Copper / Gold exploration activities from early 2016.

The first priority will be a systematic sampling of the unexplored epithermal quartz vein systems that have been identified to span across the Speewah Dome.

The 2015 drilling campaign is expected to be completed on coming days with most assays expected back before Christmas 2015.

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254 Adelaide Tce Perth WA 6000

PO Box Z5518, Perth WA 6831

PHONE: +61 (0)8 9221 8055 FAX: +61 (0)8 9325 8088 WEB: www.kingrivercopper.com.au