MARMOTA LIMITED — Capital/Financing Update 2017

Aug 29, 2017

ASX ANNOUNCEMENT

30 August 2017

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$500,000 Placement to Sophisticated Investors

Marmota Limited (ASX: MEU) (“Marmota”)

Key Points

• Marmota raises $500,000 through placement of shares at 1.7c per share to sophisticated investors

• Fully funds next stage of Marmota’s gold program

Marmota is pleased to announce that it has received firm commitments to raise $500,000 through an equity placement (“Placement”) to sophisticated and professional investors, including a key existing cornerstone investor.

The placement more than fully funds the next stage of Marmota’s gold program, and provides working capital, as the Company embarks on a very active and exciting months ahead, building on the excellent drilling results recently received at Aurora Tank [ see ASX:MEU 2 August 2017 ].

Placement Details

The placement consists of approximately 29.4 million shares to be issued at a price of 1.7 cents per share to raise $500,000 (before costs). The new shares issued will rank equally with all other fully paid ordinary shares on issue. Marmota expects settlement of the Placement on or about 5 September 2017, subject to clearance of funds.

For further information, please contact:

Marmota Limited

Dr Colin Rose Executive Chairman Unit 6 Email: colin@marmota.com.au 79–81 Brighton Road Glenelg SA 5045 ABN: 38 119 270 816 T: (08) 8294 0899 F: (08) 8376 8633 www.marmota.com.au