MOHO RESOURCES LIMITED — Capital/Financing Update 2019

Feb 17, 2019

PROPOSED LOYALTY OPTION ENTITLEMENT ISSUE

Company Announcements ASX Limited

18 February 2019

Moho Resources Ltd (ASX: MOH ) (“Moho” or “ the Company ”) is pleased to announce that it intends to offer eligible shareholders of the Company an entitlement to be issued one (1) loyalty Option for every four (4) ordinary Shares held by each shareholder on the Record Date (“Option Issue”). Each loyalty Option will entitle the holder when exercised to one new ordinary share in the Company.

The purpose of the Offer is to recognise the invaluable support the Company has received from its Shareholders.

The loyalty Options will have an issue price of $0.005 per Option. Each Option will be exercisable at a price of $0.25 per Option on or before 9 July 2023. The Option Issue will be non-renounceable and the Company will apply for quotation of the Options on the Australian Securities Exchange. All of the new shares to be issued on exercise of the Options will rank equally in all respects with the Company’s previously issued Shares.

A loyalty Option will not confer the right to a change in exercise price or a change in the number of underlying securities over which the loyalty Option can be exercised.

The timetable (including the Record Date for determining entitlements under the Option Issue) will be set once the Option Issue Prospectus has been lodged with ASIC, anticipated to occur in the coming weeks. The entitlement issue is expected to be completed in March 2019 and each of the directors of the Company have confirmed that they will take part in the issue.

Yours sincerely

Ralph Winter Commercial Director

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MAP OF MOHO’s PROJECT AREAS

About Moho Resources Ltd

On 7[th] November 2018 Moho listed on the ASX, raising $5.3 million. As a result, the Company is well funded to advance exploration on its three highly prospective projects at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer

and geologist, as Non-Executive Director.

Highly experienced geologists Bob Affleck (Exploration Manager) and Max Nind (Principal Geologist) are supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemist Richard Carver (GCXplore Pty Ltd).

Moho’s geophysical programs and processing and analysis of the results are supervised by Kim Frankcombe who is a geologist and geophysicist with 40 years’ experience in mineral exploration. He has worked for major mining companies, service companies and for over 20 years as an independent geophysical consultant. He was a member of the discovery team for several significant deposits including one Tier 1 deposit. He manages the ExploreGeo consulting group which provides specialist geophysical advice to explorers.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: shane@mohoresources.com.au E: ralph@mohoresources.com.au