ORE RESOURCES LIMITED — Capital/Financing Update 2016

Feb 4, 2016

5 February 2016

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

Update re Sale of Manica Gold Project

Auroch Minerals NL (ASX: AOU) ( Auroch or the Company ) provides a transaction update in relation to the disposal of 100% of the Company’s interest in Mining Concession 3990C ( Manica Gold Project ) to Xtract Resources Plc ( Xtract ).

Pursuant to the agreement, the purchaser has forwarded US$698,968.78 to Mozambique in anticipation of settlement of the capital gains tax obligation payable at completion.

The Company is working with Xtract, the relevant Mozambican Regulatory bodies and advisers to complete the sale of the Manica Gold Project in the immediate future, following finalisation of the mines department approval for the sale which is expected imminently.

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

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