KINGSTON RESOURCES LIMITED — Capital/Financing Update 2015

Aug 2, 2015

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www.kingstonresources.com.au

3 August 2015

T 000001 000 KSN MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Dear Sir/Madam

Renounceable pro rata entitlement offer

On 30 July 2015, Kingston Resources Limited ( Company ) announced a proposed nonrenounceable pro rata entitlement offer of four (4) fully paid ordinary shares in the Company ( Shares ) for every five (5) Shares held by Shareholders registered at 5.00pm Perth time on the Record Date at an issue price of 2.0 cents per Share, with one (1) free attaching option exercisable at 4.0 cents each on or before 30 June 2019 for every two (2) Shares issued to raise approximately $2,349,783 before expenses ( Offer ).

This letter is to inform you about the Offer and to explain why you will not be able to subscribe for new Shares under the Offer. This letter is not an offer to issue new Shares to you, nor an invitation for you to apply for new Shares.

You are not required to do anything in response to this letter.

Documents relating to the Offer were lodged with ASIC and ASX on 30 July 2015 and are being mailed to Eligible Shareholders (as defined below in the section headed "Eligibility criteria").

The Entitlement Offer is to be implemented under section 713 of the Corporations Act 2001 (Cth) ( Corporations Act ).

Eligibility criteria

The Company has determined, pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules, that it would be unreasonable to make offers to shareholders in all countries in connection with the Offer. This determination was made due to legal limitations on making or extending an offer of new Shares in some countries, the relatively small number of shareholders in those countries, the small number of securities they hold and the potential cost of complying with regulatory requirements in those countries.

Accordingly, in compliance with ASX Listing Rule 7.7.1(b) of the Corporations Act, the Company wishes to advise you that it will not be extending the Offer to you and you will not be able to subscribe for new Shares under the Offer.

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Shareholders who are eligible to participate in the Offer ( Eligible Shareholders ) are shareholders who:

• (a) are registered as holders of existing shares as at 5.00pm Perth time on Monday, 10 August 2015 ( Record Date ); and

• (b) as at the Record Date, have a registered address in Australia or New Zealand.

Unfortunately, as you do not satisfy the eligibility criteria for an Eligible Shareholder stated above, you will not be able to subscribe for new Shares under the Offer.

If you have any questions in relation to any of the above matters, please contact the Company Shareholder’s Shareholder Information line on 1300 850 505 or +61 3 9415 4000.

On behalf of the Board and management of the Company, thank you for your continued support.

Yours faithfully

Kingston Resources Limited

Mathew Whyte Company Secretary