ORE RESOURCES LIMITED — Capital/Financing Update 2016

Jul 3, 2016

4 July 2016

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

Hombolo Lithium Project Transaction Update

Auroch Minerals Limited ( Auroch or the Company ) advises that it has conducted final due diligence investigations on the Hombolo Lithium Project.

Assay Results from due diligence sampling conducted in May across the Hombolo Ground package have been received. These results were disappointing and showed no significant anomalism across the tenement package outside the historic open pit workings within the Primary Mining Licences.

Phase 1 exploration had already commenced with 1800m of trenching within the PMLs which exposed significant pegmatite however no mineralisation was observed within the pegmatites. Taking into account the poor assay results from the DD sampling, the thick alluvial cover over the bulk of the tenement package and the absence of mineralisation observed in the trenching, the management of Auroch feels there is little scope for the discovery of economic mineralisation within the Hombolo tenement package.

Accordingly, the Company is not proposing to progress with the acquisition of the Hombolo Lithium Project and withdraws Resolution 2 of the notice of meeting dated 14 June 2016.

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

Matthew Foy Director & Company Secretary Auroch Minerals Limited T: +61 8 9486 4036