LYCOPODIUM LIMITED — Capital/Financing Update 2016

Aug 2, 2016

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Lycopodium Limited

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ABN 83 098 556 159

Level 5, 1 Adelaide Terrace East Perth, Western Australia 6004 Australia PO Box 6832 East Perth, Western Australia 6892 Australia T: +61 (0) 8 6210 5222 www.lycopodium.com.au

ASX RELEASE

03 August 2016

AWARD OF MAKO PROJECT EPC CONTRACT

Lycopodium is pleased to announce the award of the contract for the delivery of the Mako Project gold processing plant and certain other facilities in Senegal from Toro Gold Ltd (Toro).

Contract revenue is expected to be $68.5 million with $57.6 million expected to report to FY 17.

This award sees the continuation of our association with Toro, following the successful completion of the pre-feasibility and definitive feasibility studies for the Project.

Lycopodium is grateful for the confidence shown by Toro in awarding the delivery of their first Project and extends our thanks for this opportunity.

For further information:

Peter De Leo Managing Director Lycopodium Limited

• T: +61 8 6210 5222

• F: +61 8 6210 5201

• E: limited@lycopodium.com.au