MIDDLE ISLAND RESOURCES LIMITED — Capital/Financing Update 2016

May 1, 2016

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MARKET RELEASE

2 May 2016

Middle Island Resources Limited

TRADING HALT

The securities of Middle Island Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 5 May 2016 or when the announcement is released to the market.

Security Code: MDI

Shannon Nicholson

PRINCIPAL ADVISER, LISTINGS COMPLIANCE (PERTH)

Level 40 Central Park 152-158 St Georges Terrace Perth WA 6000

www.asx.com.au Phone:08 9224 0000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

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2 May 2016

The Manager ASX Limited Level 40 Central Park 152-158 St Georges Terrace PERTH WA 6000

Dear Sir,

REQUEST FOR TRADING HALT - MIDDLE ISLAND RESOURCES LIMITED

In accordance with ASX Listing Rule 17.1, Middle Island Resources Limited requests an immediate trading halt pending the release of an announcement regarding the outcome of a capital raising being conducted by the Company.

The Company requests that the trading halt end on the earlier of the commencement of normal trading on 5 May 2016, or when the anticipated announcement referred to above is released to the market.

The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.

Should you have any queries or require clarification please call me on (08) 9389 2111 or 0417 945 049.

Yours faithfully,

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Dennis Wilkins Company Secretary