KORAB RESOURCES LIMITED — Capital/Financing Update 2017

Oct 31, 2017

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MARKET RELEASE

1 November 2017

Korab Resources Limited

TRADING HALT

The securities of Korab Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 3 November 2017 or when the announcement is released to the market.

Security Code: KOR

Jeremy Newman Senior Adviser, Listings Compliance (Perth)

ASX Compliance Pty Limited ABN 26 087 780 489

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

www.asx.com.au Customer service 13 12 79

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Perth, 1 November 2017

Trading Halts ASX Ltd Exchange Plaza Perth, WA 6000

Dear Madam/Sir,

RE: REQUEST FOR TRADING HALT

Korab Resources Limited (KOR or Company) requests an immediate halt to trading in its securities pending an announcement regarding a financing transaction.

This announcement is expected to be made as soon as possible but no later than commencement of trading on Friday, 3 November 2017.

The Company is not aware of any reason why the trading halt should not be granted.

The Company is in compliance with the Listing Rules.

Sincerely yours

Andrej K Karpinski, FAICD, FFin KORAB RESOURCES LIMITED EXECUTIVE CHAIRMAN

KORAB RESOURCES LIMITED

KORAB HOUSE

20 PROWSE STREET, WEST PERTH, 6005, WESTERN AUSTRALIA PO BOX 1958, WEST PERTH, WA, 6872, AUSTRALIA, Tel (08) 9474 6166 Fax (08) 9322 6333 www.korabresources.com.au ACN 082 140 252