ORE RESOURCES LIMITED — Capital/Financing Update 2016

Apr 3, 2016

4 April 2016

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

Consolidation of Partly Paid Shares Complete

Auroch Minerals NL (the Company ) advises that following shareholder approval on 23 March 2016 the Company has completed a reduction of its share capital by:

• Extinguishing the uncalled amount of 19 cents per share on 21,800,000 partly paid shares; and

• Consolidating those shares on a 20:1 basis into 1,090,001 fully paid ordinary shares.

Following the consolidation and capital reduction the Company has 75,347,145 ordinary shares on issue.

In accordance with the resolutions passed at the General Meeting on 23 March 2016, the Company will shortly despatch an entitlement offer to issue the partly paid shareholders 19 new options with an exercise price of $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.

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

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