ORE RESOURCES LIMITED — Capital/Financing Update 2016

Apr 28, 2016

29 April 2016

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

Option Entitlement Offer Close and Shortfall

Auroch Minerals NL (ASX: AOU) ( Auroch or the Company ) advises that pursuant to the Prospectus dated 14 April 2016, the entitlement offer made to partly paid shareholders of 19 new options exercisable at $0.20 on or before 23 October 2018 at a subscription price of $0.005 per new option for every 20 partly paid shares held prior to the capital reduction and consolidation, has closed ( Options Offer ).

The Company received subscription applications totalling 13,844,650 new options pursuant to the Options Offer raising $69,223 before costs. The shortfall of the Options Offers is 6,865,350 options. In accordance with the terms of the Options Offer the Directors may exercise their discretion to offer the shortfall securities within three months from the date shareholder approval was obtained.

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

Matthew Foy Company Secretary Auroch Minerals NL T: +61 8 9486 4036

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