KING RIVER RESOURCES LIMITED — Capital/Financing Update 2016

Aug 22, 2016

ASX Announcement

23 August 2016

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----- Start of picture text ----- Drilling Update----- End of picture text -----

The Board of King River Copper Limited (ASX :KRC) has been advised that the RC drilling rig will now arrive onsite this Friday, Aug 26.

The current plans are to commence with shallow holes at the Chapman West quartz sub crop before moving the rig north to test numerous targets within the JoeFisher VTEM area. The current budget is for 4100 metres of RC drilling at 10 different target locations, but the volume of metres will likely be expanded depending on outcomes.

Planning is also being made for an additional multi purpose (RC & Diamond) drilling rig to be mobilised to the Speewah site during the month of 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