KORAB RESOURCES LIMITED — Capital/Financing Update 2017

Nov 7, 2017

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

8 Nov e mber 2017

FI N ANCI N G TR A NSA C TION

Korab Resources Ltd (“ Korab ”, o r “ Company ” ) ( ASX: KOR ) refers to a r e quest for tra d ing halt date d 1 Nov e mber 2017 a nd the subs e quent requ e st for volunt a ry suspensio n dated 3 N o vember 201 7 pendi n g an annou n cement reg a rding a fin a ncing transa c tion. The C ompany advises that thi s financing transactio n has not bee n completed a s the parties c ould not agr e e on the fina l terms.

Pleas e note that this financing t r ansaction is not related t o the propos e d Chinese f u nding for th e Winch e ster magnesium carbonat e project.

CONT A CT:

Andrej K. Karpinski, Executive C h airman - Aus t ralia: (08) 94 7 4 6166, Inter n ational: +61 8 9474 6166

ABOU T KORAB R E SOURCES

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 3.0 cents Market Cap : $8.64 Mln ASX: KOR BERLIN: C6S.BE

Korab Resources Ltd is an intern a tional minin g and exploration company with operatio n s in Australi a and E urope. Kora b ’s projects i nclude Winc h ester magn e sium carbo n ate deposit and Geolse c phosp h ate rock deposit at Batch e lor in the Northern Territor y of Australia as well as a g old and silver deposit at Bobriko v o in easter n Ukraine. T h e Company also explor e s for gold and copper at Ashbu r ton Downs/ M t. Elephant i n Western Au s tralia, and f o r gold, copp e r, lithium, tin, and tantalu m at Karratha, and M a rble Bar/Nullagine in We s tern Australia. Korab als o explores fo r gold, cobalt, silver, lead, zinc, c o pper, nickel, lithium, and tin at Batch e lor and Gre e n Alligator in the Norther n Territory. More inf o rmation ab o ut Korab’s p rojects can be sourced from Korab ’ s website at www. k orab.com.au. Korab’s shar e s are traded on Australia n Securities E xchange (ASX) and on th e Berlin S tock Exchange (Berliner B örse) throug h Equiduct electronic tradin g platform.

P rojects

Winchester (Rum Jungle, NT) Magne s ium carbonate (MgCO3)

Geolsec (Rum Jungle, NT) P hosphate rock (P2O5)

Batchelor (Rum Jungle, NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (Ashburton, WA) Au, Cu

Karratha (Pilbara, WA) Au, Co, Cu Marble Bar/Nullagine (Pilbara, WA) Au, Co, Cu, Li Bobrikovo (UKR) Au, Ag, Pb

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 1