KING RIVER RESOURCES LIMITED — Capital/Financing Update 2016

Aug 2, 2016

3 August 2016

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ASX Announcement

King River Copper Limited (ASX: KRC) announces it has finalised the Share Purchase Plan (SPP) that closed early on Friday 29 July 2016.

The SPP was oversubscribed and the required scale backs have now been completed and the new SPP shares will be allotted later today.

Shareholders will be advised of their scaled back SPP allotments once the shares have been processed to their broker HIN holdings or by the holding statements which will be posted tomorrow 4 August 2016.

Refunds for scaled back SPP shares and late applications will be sent out as soon as possible.

The Board of King River Copper also advises that the Company is currently in the process of drafting an exploration update to be released within the next 24 hours.

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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