PATRONUS RESOURCES LIMITED — Capital/Financing Update 2016

Aug 4, 2016

info@kinmining.com.au |Tel: 08 9242 2227 |ACN: 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017

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5 August 2016

Dear Option Holder

Non-Renounceable Rights Issue of Shares

On 1 August 2016, the directors of Kin Mining NL (“ Company ”) announced a one (1) for four (4) pro rata nonrenounceable rights issue (“ Rights Issue ”) to shareholders.

The Rights Issue will be offered to existing eligible shareholders on the basis of one new share (“ New Share” ) for every four shares held at the record date (“ Record Date ”), at an issue price of $0.22 per share, to raise up to approximately $4,976,559 before costs.

The Company is making the Offer available to eligible shareholders, being persons who are registered as shareholders of the Company on the Record Date and have a registered address in Australia, New Zealand and Singapore.

Based on the Company's current issued capital the Rights Issue will result in up to 22,620,723 New Shares being issued, increasing the total issued share capital on completion of the Rights Issue, assuming it is fully subscribed, to 113,103,614 shares.

The Company has set 5.00pm WST on 19 August 2016 as the Record Date for the purpose of determining shareholders entitled to participate in the Rights Issue.

Under the terms of the options you currently hold, there is no entitlement to participate in the Rights Issue, unless you convert your options and are entered onto the register as a shareholder on or before the Record Date.

If you wish to participate in the Rights Issue, it will be necessary for you to exercise all or part of your options, and the shares issued on the exercise of those options must have been allotted to you before the Record Date. If you wish to do so, you should complete a Notice of Exercise of Options and lodge that notice with the Company, together with your payment for the number of shares you wish to take up on or before the Record Date of 19 August 2016.

If you wish to clarify any taxation consequences relating to the exercise of your options, please consult with your professional advisers.

If you do not wish to participate in the Rights Issue in respect of your options, you do not need to take any action.

If you require further information please contact the company on (08) 9242 2227 during normal business hours.

Yours faithfully

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Joe Graziano

Company Secretary

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