ORE RESOURCES LIMITED — Capital/Financing Update 2017

Nov 20, 2017

==> picture [162 x 44] intentionally omitted <==

21 November 2017 Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Settlement proceeds received from Xtract Resources Plc

Highlights

• ~ A$1,076,670 cash received from the conversion of convertible loan to Xtract

• Balance due of ~A$500,000 to be settled by 31 December 2017, bringing total receipts to Auroch of ~A$1,575,000.

• Current cash, receivables and loan to Bolt Resources (holder of Alcoutim Cu-Zn licence) balance of ~A$6.9M

Auroch Minerals (“Auroch” or “the Company”), is pleased to advise that it has received ~A$1,076,670 in cash via the sale of Xtract Resources Plc (“Xtract”) shares following the conversion of US$700,000 of the convertible loan.

A further ~A$500,000 including accrued interest remains outstanding. Xtract has advised that this amount will be repaid in early December 2017 from the proceeds of a GBP 1.53 million capital raising Xtract recently announced (refer to Xtract announcement dated 14 November 2017).

Auroch’ s Executive Chairman commented:

“The receipt of the funds has maintained Auroch’s healthy cash balance and these funds will continue to fund the ongoing exploration activities of the Company’s projects and the evaluation of new opportunities”.

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

Auroch Minerals Limited

Dr Andrew Tunks Glenn Whiddon CEO Executive Chairman T: +61 8 9486 4036 T: +61 8 9486 4036

Auroch Minerals Ltd ABN 91 148 966 545 1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: admin@aurochminerals.com.au www.aurochminerals.com.au