LIBERTY METALS LTD — Capital/Financing Update 2016

Nov 3, 2016

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Traka Resources Limited

ABN: 63 103 323 173

4 November 2016

Company Announcements Office ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Entitlement Offer - acceptances and shortfall

The company’s entitlement offer (Offer) of up to 56,928,632 ordinary fully paid shares at a price of 2.2 cents per share pursuant to a prospectus dated 5 November 2016 (Prospectus) has closed with acceptances of 27,903,782 shares leaving a shortfall of 29,024,779 shares after rounding of entitlements.

The directors are pleased to announce that, in addition, applications for 1,028,709 of the shortfall shares have been received from existing shareholders and these have been accepted in accordance with the provisions of Clause 6.8 of the Prospectus.

Total acceptances and shortfall applications amount to 51% of the Offer.

The residual shortfall of 27,996,070 shares may be placed at the Directors’ discretion within 3 months of the close of the Offer.

The total capital raised from the issue is $636,515 before costs.

The new shares will be issued and allotted on or before 8 November 2016.

N Tomkinson Chairman

Level 1, 43 Ventnor Avenue, West Perth, Western Australia 6005 PO Box 601, West Perth, Western Australia, 6872 Tel: +61 8 9322 1655 Fax: +61 8 9322 9144