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MATSA RESOURCES LIMITED Capital/Financing Update 2018

Nov 22, 2018

65296_rns_2018-11-22_15bbc94a-b83c-441f-959c-c8348b69af35.pdf

Capital/Financing Update

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LIMITED ABN 48 106 732 487

ASX Announcement

23 November 2018

Exercise Price of Options

Matsa Resources Limited (“Matsa” or “the Company” ASX:MAT) wishes to advise that in accordance with the terms and conditions of the options proposed to be issued in accordance with resolutions 4 to 6, subject to shareholder approval at today’s AGM, the option exercise price will be $0.17 each.

CORPORATE SUMMARY

Executive Chairman

Paul Poli

Director

Frank Sibbel

Director & Company Secretary

Andrew Chapman

Shares on Issue

176.93 million

Unlisted Options

For further Information please contact:

13.70 million @ $0.25 - $0.30

Top 20 shareholders

Hold 53.42%

Paul Poli Frank Sibbel Executive Chairman Director Phone +61 8 9230 3555 Fax +61 8 9227 0370 Email [email protected] Web www.matsa.com.au

Share Price on 22[th] November 2018

13 cents

Market Capitalisation

$23 million

Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel : +61 8 9230 3555 Fax: +61 8 9227 0370 Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Tel : +66 0 2653 0258 Fax : +66 0 2653 0258 [email protected] www.matsa.com.au