KING RIVER RESOURCES LIMITED — Capital/Financing Update 2017

Oct 16, 2017

ASX Announcement

16 October 2017

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NOTICE GIVEN UNDER SECTION 708A(5) OF THE CORPORATIONS ACT

This notice is given by King River Copper Limited (“Company”) under section 708A(5)(e) of the Corporations Act in relation to the issue of 129,000,000 Placement Shares (refer ASX announcement dated 21 September 2017) to sophisticated, professional and other investors who are exempt from the disclosure requirements under Chapter 6D of the Corporations Act.

The Shares will be issued pursuant to the exemption from disclosure given under ASIC Class Order CO 09/425.

As at the date of this notice, the Company has complied with:

1. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

2. section 674 of the Corporations Act.

• The Company confirms that, as at the date of this notice, there is no excluded information that:

1. has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

2. investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • (a) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

   • (b) the rights and liabilities attaching to the Shares.

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Greg MacMillan Company Secretary

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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