MARMOTA LIMITED - Board/Management Information 2017

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ASX ANNOUNCEMENT 5 June 2017

New Board Structure

Marmota Limited (ASX:MEU) is pleased to advise a new Board and Management structure:

Dr Colin Rose Executive Chairman Peter Thompson Technical Director (non-executive) Dr Kevin Wills Executive Director – Exploration

Under the changes:

Dr Rose moves from non-executive Chair to executive Chair [ effective 5 June 2017 ] • Dr Kevin Wills joins the Board as Executive Director – Exploration [ effective 5 June 2017 ]

Ian Warland ceased to be a Director effective 2 June 2017 [ see ASX:MEU 8 May 2017 ] The Board would like to thank Ian for his contribution which is most appreciated.

Remuneration Details

Dr Rose has agreed to be appointed on a gross remuneration package of less than half of Marmota’s pre-existing MD rate of $175,000 per annum: i.e. namely $85,000 per annum. Dr Wills’ remuneration will continue on the same part-time consulting basis as in the past, which has been averaging at around $6,000 per month over the last 12 months.

Marmota Chair, Dr Rose, said:

“ Marmota is highly focused on seeing our shareholder funds targeted into active exploration. We have an exciting gold program ahead of us. With the new structure, I am very pleased that Marmota is able to again see our management and administration costs reduced to industry best practice. Marmota shareholders can look forwards to seeing funds focused on a very active gold exploration year ahead. ”

Attachments :

Final Director’s Interest Notice: Ian Warland
Initial Director’s Interest Notice: Dr Kevin Wills

For further information, please contact:

Marmota Limited Dr Colin Rose Chairman Email: [email protected]

Unit 6 79–81 Brighton Road 2016 Glenelg SA 5045 ABN: 38 119 270 816 T: (08) 8294 0899 F: (08) 8376 8633 www.marmota.com.au

About Marmota Limited

Marmota Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company’s dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company’s copper project is based on the Yorke Peninsula. The Company’s largest uranium project is at Junction Dam adjacent to the Honeymoon mine. For more information, please visit: www.marmota.com.au

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Appendix 3Z

Final Director’s Interest Notice

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Name of entity	MARMOTA LIMITED
ABN	38 119 270 816

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Name of director	��
Date of last notice	��
Date that directorceased to be director	��

Part 1 – Director’s relevant interests in securities of which the director is the registered holder ��

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Number & class of securities

NIL

��

�� 

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

��

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Name of holder & nature of interest Number & class of securities
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NIL
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Part 3 – Director’s interests in contracts

Detail of contract	��
Nature of interest	��
Name ofregistered holder (if issued securities)	��
No. and class of securities to which interestrelates	��

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Appendix 3X

Initial Director’s Interest Notice

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Name of entity	MARMOTA LIMITED
ABN	38 119 270 816

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Name of Director	��
Date of appointment	��

Part 1 - Director’s relevant interests in securities of which the director is the registered holder ��

��

Number & class of securities

NIL

��

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Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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Name of holder &nature of interest �� �� The Trustee of KJAW Superannuation Fund	Number &class of Securities 930,061 fully paid ordinary Shares 2,000,000 unlisted 3 cent Options expiring 9 November 2021 issued under the Director & Employee Share Option Plan (DESOP)

Part 3 – Director’s interests in contracts

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Detail of contract	�� ��
Nature of interest	��
Name ofregistered holder (if issued securities)	��
No. and class of securities to which interestrelates	��

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AI assistant

MARMOTA LIMITED Board/Management Information 2017

65315_rns_2017-06-04_e75f83c2-d435-499a-8010-84929cefcfd6.pdf

New Board Structure

Remuneration Details

Attachments :

About Marmota Limited

Appendix 3Z

Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Part 3 – Director’s interests in contracts

Appendix 3X

Initial Director’s Interest Notice

Part 3 – Director’s interests in contracts

AI assistant

MARMOTA LIMITED — Board/Management Information 2017

65315_rns_2017-06-04_e75f83c2-d435-499a-8010-84929cefcfd6.pdf

New Board Structure

Remuneration Details

Attachments :

About Marmota Limited

Appendix 3Z

Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Part 3 – Director’s interests in contracts

Appendix 3X

Initial Director’s Interest Notice

Part 3 – Director’s interests in contracts

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MARMOTA LIMITED Board/Management Information 2017