MARMOTA LIMITED — Capital/Financing Update 2016

Aug 28, 2016

ASX ANNOUNCEMENT

29 August 2016

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$300,000 Share Purchase Plan (SPP) to be offered to eligible shareholders

HIGHLIGHTS

• Marmota to undertake a $300,000 Share Purchase Plan (SPP)

• Will provide eligible shareholders with the opportunity to participate at a 17% discount to close of trading price

• Proceeds to fund Aurora Tank Gold Drilling + Gold Exploration Program

Marmota Energy Limited (ASX code: MEU) (“Marmota” or the “Company”) is pleased to advise that a Share Purchase Plan (“SPP”) is to be offered to eligible shareholders. The SPP announced today is designed to allow ordinary shareholders to subscribe to shares at a discounted price of 1.5c per share –– a price which is 17% lower than the closing price on 26 August 2016, and 12% less than the price in the recent placement to sophisticated investors two months ago.

The SPP will help fund the Company’s Gold drilling program at Aurora Tank, our expanding Gold Exploration Program, and provide working capital. Drilling at Aurora Tank is due to commence in the first week of September.

Dr Colin Rose, Chairman of Marmota, said:

• “ The SPP offers fellow eligible ordinary shareholders the opportunity to purchase shares in Marmota at a 17% discount to Friday’s closing price … i.e. a price of 1.5c per share (without any brokerage or transactions costs). Please note that this is a very small raising, and offers may be scaled back. The 2015 SPP was more than doubly oversubscribed and very successful, and we expect strong demand again. ”

SPP Details

Marmota will make an offer of shares to eligible shareholders via a SPP to raise $300,000. The record date to be eligible to participate in the share purchase plan is 26 August 2016 . The SPP is not underwritten. If fully subscribed, the SPP will result in the issue of 20 million new shares.

Eligible shareholders will be given the opportunity to acquire shares to the value of A$1,000, A$2,500, A$5,000, A$7,500, A$10,000, or A$15,000. No shareholder may purchase more than A$15,000 worth of shares under the SPP.

SPP Important Dates

Record date	26 August 2016
Offer OPENS	5 September 2016
Offer CLOSES	16 September 2016
Allotment date	27 September 2016

N.B. This timetable is indicative only and Marmota may, at its discretion and subject to the Listing Rules, vary any of the above dates by sending a revised timetable to the ASX.

Documents relating to the SPP will be posted shortly to eligible shareholders.

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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