NEOMETALS LTD — Capital/Financing Update 2016

May 15, 2016

16 May 2016

ASX & MEDIA ANNOUNCEMENT

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Share Purchase Plan Closes 18 May 2016

• Opportunity to purchase Hannans shares at 20% discount[1] closes this Wednesday at 5pm

• Funds raised will be allocated to lithium, gold and nickel exploration

Hannans Reward Ltd (ASX:HNR) advises shareholders that the opportunity to purchase Hannans shares at a 20% discount pursuant to the Share Purchase Plan (SPP)[2] closes this Wednesday, 18 May 2016.

Funds raised via the SPP will be used by the Company:

• a) to satisfy the conditions precedent to the strategic collaboration with ASX listed lithium mining company Neometals Ltd (ASX:NMT) ( Neometals )[3] ; and

• b) to commence exploration for lithium in Europe and recommence exploration for gold and nickel in Western Australia.

To receive the discounted shares, funds must be received no later than 5pm (WST) on 18 May 2016. The fastest way to pay for your shares is by using BPAY.[4] If you are an eligible shareholder and need a new SPP Application Form, please call (08) 9324 3388 or Computershare on 1300 787 272.

We encourage all shareholders to read the Share Purchase Plan lodged with ASX, posted to shareholders and available at www.hannansreward.com. This announcement is not investment advice and shareholders should consult their professional advisors before deciding whether or not to invest.

For further information, please contact:

Damian Hicks Mindy Ku Managing Director Finance & Compliance Manager +61 419 9300 087 (M) (08) 9324 3388 (T) damianh@hannansreward.com (E) mindyk@hannansreward.com (E)

About Hannans Reward Ltd

Hannans Reward Ltd (ASX:HNR) is an exploration company with a focus on lithium, copper, gold, nickel and iron. Hannans has JORC compliant copper, gold and iron resources in Sweden. Since listing on the Australian Securities Exchange in 2003 Hannans has signed agreements with Vale Inco, Rio Tinto, Anglo American, Boliden, Warwick Resources, Cullen Resources, Azure Minerals, Neometals, Tasman Metals, Grängesberg Iron AB and Lovisagruvan AB. Shareholders at various times since listing have included Rio Tinto, Anglo American, OM Holdings, Craton Capital and BlackRock. For more information, please visit www.hannansreward.com.

1 Only available to eligible shareholders, terms and conditions apply, refer ASX releases dated 11 and 14 April 2016

2 Refer ASX releases dated 11and 14 April 2016

3 Refer ASX release dated 4 March 2016

4 The BPAY Reference No. can be found on your personalised Application Form. You do NOT need to send in an Application Form if you pay using BPAY.

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