KING RIVER RESOURCES LIMITED — Capital/Financing Update 2017

May 2, 2017

3 May 2017

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ASX Announcement

King River Copper Limited (ASX: KRC) announces it has finalised the Share Purchase Plan (SPP) that closed early at 5pm on Friday 21[st] April 2017.

This SPP was heavily oversubscribed and scale backs have now been completed and new SPP shares will be allotted today Wednesday 3[rd] May, 2017.

Shareholders will be advised of their scaled back SPP allotments electronically through their brokers HIN holdings and/or by their SRN holding statements which will be posted tomorrow.

Refunds for the scaled back portions of SPP shares, and the late applications, will also be sent out as soon as possible.

The Board of King River Copper also advises that the Company is drafting an operational update for release Friday 5[th] May.

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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