MARMOTA LIMITED — Capital/Financing Update 2016

Sep 18, 2016

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ASX ANNOUNCEMENT

19 September 2016

Aurora Tank – Gold

Drilling Completed Ahead of Schedule

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Figure 1: Drilling at the Goshawk Prospect at Aurora Tank has completed ahead of schedule

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Figure 2: September 2016 drill grid • (with previous drilling locations / results)

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Page 3 Figure 3: Marmota’s Aurora Tank tenement and tenements around the Challenger Gold Mine

• Mineralised zone is interpreted to extend for at least 500m along strike and open in all directions

• Previous early stage drilled intersections include [ see AON ASX Releases: 21 October 2014 and 9 June 2015

  • 4m at 5 g/t gold from 16m

  • 16m at 1 g/t gold from 20m, including 12m at 1.3 g/t Au from 20m

  • 16m at 0.7 g/t gold from 19m, including 4m at 0.9 g/t Au from 31m

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Figure 4: Aurora Tank (Goshawk Zone) – interpreted zone of interest with previous drilling results

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Marmota drilling at Aurora Tank

• Started: 4 September 2016

• Completed : 16 September 2016 (ahead of schedule)

• Drill grid is shown in Fig. 2 above: 98 angled aircore drill holes. Total drilling: 4,385m

This drilling program is testing the Goshawk Prospect at Aurora Tank with the intention of fully defining geochemical dispersion from gold mineralisation.

Assays results from drilling samples are anticipated within around 1 month.

For further information, please contact:

Marmota Energy Limited

David Williams Managing Director Email: info@marmotaenergy.com.au

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

About Marmota Energy Limited

Marmota Energy 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 cornerstone copper project is based at the Melton project 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.marmotaenergy.com.au

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