MINBOS RESOURCES LIMITED — Capital/Financing Update 2017

Jan 26, 2017

27 January 2017

ASX Code: MNB PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: info@minbos.com W: www.minbos.com ABN: 93 141 175 493

ASX ANNOUNCEMENT

EXPIRY OF PERFORMANCE RIGHTS

Minbos Resources Limited ( Minbos or Company ) advises that 178,372,482 of the performance rights that the Company has on issue expired today.

The Company will request shareholder approval to extend the expiry date of these performance rights at the next General Meeting of Shareholders, which will be subject to completion of the merger between Minbos and Petril Phosphates Limited (refer ASX announcement on 5 December 2016 about the merger).

Minbos has a remaining 59,457,494 performance rights on issue that expires on 27 January 2018 for which extension will also be requested at the same shareholder meeting.

For further information please contact

Lindsay Reed Stef Weber Chief Executive Officer Company Secretary l.reed@minbos.com s.weber@minbos.com +61 (0) 8 6270 4610 +61 (0) 8 6270 4610

About Minbos

Minbos Resources Limited ( ASX: MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola. Through its subsidiaries and joint ventures, the Company is exploring over 200,000ha of highly prospective ground hosting phosphate ore.

Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.

The Company’s strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.

For more information, visit www.minbos.com