ORE RESOURCES LIMITED — Capital/Financing Update 2016

Jul 27, 2016

28 July 2016

Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Norseman Gold Projects Update

Auroch Minerals Ltd (ASX: AOU) ( Auroch or the Company ) is pleased to provide an update on its Norseman Gold Project, Western Australia.

A complete review of existing data for P63/1646 (the Beete Gold Project ) & P63/1694 (the Peninsula Gold Project ) commenced in April 2016, including a reconnaissance site visit to both tenements and surrounding areas by CEO Dr Andrew Tunks. The Beete Gold Project (P63/1646) is located approximately 55 kilometres south of Norseman ( Figure 1 ), with the Peninsula Gold Project (P63/1694) located approximately 27 kilometres north of Norseman ( Figure 2 ).

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P63/1646 - Beete
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Figure 1: P63/1646 - Beete Gold Project location map.

The historic mine workings at the Beete Gold Project were visited and hand specimens collected. Gold mineralisation is hosted within a narrow quartz vein, and sometimes in the adjacent hanging and/or footwall shear. The vein conforms closely to the attitude of the host lithology (quartz rich arenites and quartz feldspar amphibole schists), however considerable local variations in dip can occur.

The Beete Gold Project recorded production post-1974 was 2,816 tonnes of ore at an average grade of 24.8g/t Au [2,300 ounces].

There is sufficient encouragement from reconnaissance activities and an initial review of the data to suggest there is a possibility of discovering economic quantities of structural lode style mesothermal gold veins on the tenements. An initial proposal for further mapping and additional surface sampling has been designed to assess the potential of mineralisation at the Beete Gold Project extending within the tenement.

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P63/1694 - Peninsula
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Figure 2: P63/1694 - Peninsula Gold Project location map.

The mineralisation at the Peninsula Gold Project was observed to be associated with north-south trending quartz veins which dip at angles of 60-80 degrees to the east. A major quartz reef extends for the length of the tenement and was worked in the late 1800’s and intermittently throughout the 1900’s. Five historic shafts on this north-south trend were visited within the project area. At the north end of the tenement the main reef appears to have been faulted, and the geology is complicated by drag folding associated with faulting. Small scale open cut and underground mining previously occurred with a trial open pit mining operation yielding 424 tonnes of ore grading at 2.14 g/t Au, and a decline producing 495 tonnes of ore at 1.62 g/t Au. Mining was stopped due to issues with continuity.

At the Peninsula Gold Project, a preliminary review of current data shows possible extensions of the known mineralisation both along strike and at depth. A targeted scout drilling program will be planned to test the potential extensions of mineralisation in a bid to expand its size within the tenement.

A review of all existing data on the tenements is underway, including:-

• Assembly of pertinent data from the Department of Mines and Petroleum (DMP) GIS data sets;

• Assembly, processing and/or integration of the best available magnetic and gravity data with the aim of generating images that will facilitate definition of: alteration, faults, joint sets, and potential field associations of known gold occurrences in the region;

• Assembly and integration of geochemical data sets generated from the open-file exploration records of the region; and

• Assembly and integration of any data generated from prior exploration drill holes, rock chip sampling, soil sampling, and other sampling in the region.

For further information, visit www.aurochminerals.com or contact:

Glenn Whiddon Chairman Auroch Minerals Limited T: +61 8 9486 4036