LINDIAN RESOURCES LIMITED — Capital/Financing Update 2015

Nov 12, 2015

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13 November 2015

Dear Optionholder

PRO-RATA NON-RENOUNCEABLE RIGHTS OFFER

As announced on 12 November 2015, Lindian Resources Limited ( Lindian or the Company ) is undertaking a nonrenounceable pro-rata offer of new fully paid ordinary shares in the Company ( New Shares ) at an offer price of $0.001 per New Share to raise approximately $1,090,032 (before costs) ( Rights Issue ). The Rights Issue is being made on the basis of 3 New Shares for every 1 Lindian share held at the record date of 19 November 2015 (the Record Date ).

A prospectus for the Rights Issue was lodged with the Australian Securities and Investments Commission (ASIC) on 12 November 2015 ( Prospectus ). A copy of the Prospectus is available on both the ASX and the Company’s websites.

The Offer is fully underwritten by CPS Capital Group Pty Ltd. Full details of the underwriting arrangements and the potential impact on the Company are outlined in the Prospectus.

The terms and conditions of your options do not entitle you to participate in the Rights Issue unless you exercise some or all of your options into ordinary shares in the Company ( Shares ) and are entered onto the Company’s share register before the Record Date. The purpose of this letter is to give you notice of the Rights Issue before the Record Date to allow you to exercise your options (if capable of exercise) should you wish to participate in the Rights Issue.

If you wish to participate in the Rights Issue in respect of Shares that would be issued to you on exercise of your options, then your notice of exercise, together with a cheque for the relevant exercise price, must be received by the Company Secretary at the registered office of the company no later than 5.00pm (WST) on 18 November 2015 in order to ensure that your Shares are allotted prior to the Record Date. Any Shares to be issued under a notice of exercise received after this date cannot be assured of being allotted before the Record Date.

Should you require a copy of the option exercise form, please contact the Company’s share registry, Automic Registry Services.

If you do not wish to participate in the Rights Issue in respect of your options, then you do not need to take any action.

Further details of the Rights Issue are contained in the Prospectus. If you have any questions about the Rights Issue, or you are in any doubt as to the action you should take in response to this letter, you should consult an accountant, stockbroker or other professional adviser.

Please note that this letter is not an offer or an invitation to acquire Shares or to participate in the Rights Issue.

Yours faithfully

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Eddie King Chairman / Company Secretary E-mail: info@lindianresources.com.au