ORE RESOURCES LIMITED — Capital/Financing Update 2017

Aug 6, 2017

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7 August 2017 Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Drilling approval at Tisová Co-Cu-Au Project in Czech Republic

Highlights

• Approval received for initial 12-hole drilling program at Historic Tisová Mine.

• Drilling scheduled to commence in early September.

• The Geology and Mining Section of the Regional Office of Environment and Agriculture Department has approved an initial 5,500m in 12 holes surface diamond drill program.

• Tisová is a large VMS sulphide rich system that was historically mined for copper, which occurred as narrow horizon within an 80m thick sulphide rich blanket.

• The extensive sulphides surrounding the copper zones have never previously been assayed for associated metals – the known orebody occurs over 800m strike, 700m down dip, and up to 80m thick.

• Auroch sampling to date of the broader sulphide envelope has demonstrated significant grades of cobalt, copper and gold.

• Grades of up to 0.68% Co , 3.5% Cu and 3.7g/t Au were returned.

• Auroch is currently completing a 3D model of the extensive underground development and the orebody to underpin its exploration strategy.

Auroch has received initial approval from the Department of the Environment and Agriculture for its initial drilling program at the historic Tisová Copper mine, where recent sampling has highlighted the presence of previously unrecognised Cobalt, Gold and Silver in addition to the known Copper.

CEO Dr Andrew Tunks said,

“This is a great result obtaining drilling approval in the Czech Republic for our planned work program at Tisová. We are thrilled to have received confirmation and approval within one week allowing us to commence activities earlier than anticipated. It’s a great result for the Company and a testament to the thorough approach of our local Czech Partners, Golden Pet.

My recent trip to site and our ongoing work on historic plans and drilling indicate the enormous tonnage potential of this orebody, which extends over 800m of strike over 700m down dip, is up to 80m thick and is open in all directions”.

Auroch Minerals Ltd ABN 91 148 966 545 Unit 5, Ground Floor, 1 Centro Ave, 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

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Planned Hole Locations

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Historic Drilling White Triangles – Planned new drilling Red Triangles

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Tisová Background

Auroch announced option agreement to acquire 100% of the Tisová Copper to the ASX on the 3[rd] of July 2017.

• The Tisová project comprises a granted exploration licence which includes the historic Tisová mine and 3 exploration licence applications in the Czech Republic

• The Tisová underground mine has a long history, being mined intermittently since the end of the 12[th] century and more recently operated from 1959 to 1973 when it produced 560kt of ore containing 0.68% Cu

• Deposit style is volcanogenic massive sulphide (VMS) with copper being confined to specific horizons of chalcopyrite-rich ore within a much broader sequence of massive, semi-massive and disseminated sulphides

• Previous exploration and mining at Tisová focussed on the copper-rich VMS and did NOT sample for cobalt or other metals, hence these opportunities were not exploited nor evaluated

• Extensive underground development has been completed at Tisová, which will be examined to determine the most efficient method to progress mine exploration and subsequent development

• Deposit is open along strike and down-dip.

• Auroch has secured a significant ground holding which provides scope to prove up a substantial deposit

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

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Dr. Andrew Tunks and represents an accurate representation of the available data. Dr. Tunks (Member Australian Institute Geoscientists) is the Company’s Chief Executive Officer and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Tunks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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