KINGSTON RESOURCES LIMITED — Capital/Financing Update 2017

May 16, 2017

KINGSTON RESOURCES LIMITED

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ASX Announcement

17 May 2017

ASX Code: KSN

Share Price: A$0.02 Shares Outstanding: 665,769,985 Market Capitalisation: A$13.3m Cash: A$4.5m (Mar 31, 2017) ACN 009 148 529

Lithium Exploration Update

Kingston Resources (ASX:KSN) is pleased to provide an update on current activity at its Northern Territory lithium projects.

Bynoe

• Reverse Circulation (RC) drilling to commence this month

Board and Management

Anthony Wehby Chairman

Andrew Corbett Managing Directo r

Andrew Paterson Technical Director

Stuart Rechner Non-Executive Director

Chris Drew Commercial Manager

• Additional exploration field work has begun

Arunta

• Regional soil geochemistry completed at Spotted Wonder and Utopia

Bynoe drilling

With the end of the wet season, Kingston has commenced site preparation work for drilling the Bynoe lithium project. We are on track to commence RC drilling at priority targets before the end of May as planned. This is a pleasing result given that Darwin has just recorded its third highest wet season on record.

The phase one drilling program will consist of approximately 4,000m spread across five prospects, namely Cai, Bao, Min, Lei and Liana (Figure 1), which the Company identified through the 2016 soil sampling program and has further refined with the recently completed airborne collaborative geophysical program.

Bynoe geochemical surveys

Concurrently with the RC program, the Company is advancing regional soil sampling programs to extend known target areas and test additional targets identified by the recent airborne collaborative geophysical program. Sampling across five tenements in the Bynoe project will be completed during the current quarter.

Arunta geochemical surveys

Following the recent announcement of high-grade amblygonite identified in outcrop at the Spotted Wonder Project, follow-up soil sampling programs have now been completed. The programs totalled 1400 samples across Spotted Wonder and an initial soil grid at Utopia. Assay results for these samples are expected in June.

Contact Details

3 Spring Street, Sydney, NSW 2000 +61 2 8249 4968

info@kingstonresources.com.au www.kingstonresources.com.au

“Since the wet season ended, the Kingston team has made a great start to our NT exploration campaign, and we are excited to be drilling our first five priority targets in the Bynoe region this quarter. This initial program is expected to be completed by the end of June with results to follow thereafter. In addition, the Arunta field work has progressed significantly, with over 1400 soil samples completed during May to build upon results announced earlier in the year” commented Kingston MD Andrew Corbett.

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ASX Announcement – 17 May 2017

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Figure 1: Initial drill targets at Bynoe.

3 Spring Street, Sydney, NSW 2000

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+61 2 8249 4968 info@kingstonresources.com.au

ASX Announcement – 17 May 2017

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About Kingston Resources

Kingston Resources is a metals exploration company. The Company holds an attractive portfolio of lithium exploration tenements covering four key project areas. In Western Australia, the Mt Cattlin and Greenbushes projects are adjacent or near existing lithium mines. In the Northern Territory, the Bynoe project area is home to some exciting new discoveries and the Arunta project lies within a significant pegmatite field. In addition, the Livingstone Gold Project holds a 50koz inferred resource and is the site of a number of high grade historic intersections. The Company is well funded to rapidly advance its exploration projects, with the initial focus being the Mt Cattlin, Bynoe, and Arunta lithium projects, alongside commencement of work on the Livingstone Gold Project.

Competent Persons Statement

The information in this report that relates to Exploration Results, Mineral Resources or Reserves is based on information compiled by Mr Andrew Paterson, who is a member of the Australian Institute of Geoscientists. Mr Paterson is a full-time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Paterson consents to the inclusion in this report of the matters based upon the information in the form and context in which it appear.

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Kingston Resources Project Locations

3 Spring Street, Sydney, NSW 2000

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+61 2 8249 4968 info@kingstonresources.com.au