KING RIVER RESOURCES LIMITED — Capital/Financing Update 2015

Nov 1, 2015

2[nd] November 2015

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ASX Announcement

The Board of King River Copper (ASX: KRC) has today completed a placement of $300,000 of shares at an issue price of 1 cent from professional and sophisticated investors.

The placement will be finalised in conjunction with the non-renounceable rights issue sent to shareholders on 29 October 2015.

These funds will be used to materially increase the drilling budget for the RC program which commenced on 29 October.

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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