KORAB RESOURCES LIMITED — Capital/Financing Update 2016

Jul 14, 2016

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FPO SHARES

ASX: KOR BERLIN: C6S.BE Issued shares: 208 mln Issued options: 4 mln Market Cap: $6 mln

KORAB RESOURCES LIMITED KORAB HOUSE

www.korab.com.au

15 July 2016

CONVERTIBLE LOAN REPAID

Korab Resources Ltd (“ Korab ”, or “ Company ”) ( ASX: KOR ) refers to $250,000 convertible loan discussed in ASX reports dated 24 December 2015, 14 January 2016 (Appendix 5B), 28 June 2016 (Appendix 3B and Cleansing Notice) and 29 June 2016.

Korab advises that this convertible loan has already been repaid in full, part in cash and part in Korab shares (see Appendix 3B dated 28 June 2016) and no further Korab shares will be issued as repayment of this loan.

CONTACT:

Andrej K Karpinski, Executive Chairman - Australia: (08) 9474 6166, International: +61 8 9474 6166

ABOUT KORAB RESOURCES

Korab Resources Ltd is an international mining and exploration company with operations in Australia and Europe. Korab’s projects include gold and silver deposit at Bobrikovo in eastern Ukraine, Geolsec phosphate rock deposit and Winchester magnesium carbonate deposit near Darwin in the Northern Territory of Australia. The Company also explores for gold and copper at Ashburton Downs in Western Australia and for polymetallic deposits at Batchelor in the Northern Territory. More information about Korab’s projects can be sourced from Korab’s website at www.korab.com.au. Korab’s shares are traded on Australian Securities Exchange (ASX) and on the Berlin Stock Exchange (Berliner Börse) through Equiduct electronic trading platform.

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20 PROWSE STREET, WEST PERTH, WA, 6005, AUSTRALIA PO BOX 1958, WEST PERTH, WA, 6872, AUSTRALIA TEL (08) 9474 6166 FAX (08) 9322 6333 ACN 082 140 252

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