PATRONUS RESOURCES LIMITED — Capital/Financing Update 2016

Jun 13, 2016

ASX Code: KIN

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Board of Directors

Terry Grammer Chairman

Drilling to Re-commence at Merton’s Reward

Trevor Dixon Managing Director

Fritz Fitton Technical Director

Joe Graziano Non-Executive Director and Company Secretary

Contact Details

Post

PO Box 565 Mount Hawthorn Western Australia 6915

Office 342 Scarborough Beach Road Osborne Park Western Australia 6017

Phone (08) 9242 2227

Email info@kinmining.com.au

Website www.kinmining.com.au

Shares on Issue: 89,512.891

Unlisted Options: 14,925,000

ASX: KIN

Kin Mining NL (KIN:ASX) is pleased to announce that the Second Phase of the Reverse Circulation (RC) drilling at Merton’s Reward will begin this week.

RC drilling commences at Merton’s Reward

• A 2,000 metre, RC program is scheduled to commence this week at Merton’s Reward. The program is designed to follow up on a series of significant drill intersections encountered during May 2016.

• Depth extensions of the T1 and T2 lodes between 100m and 150m have been selected and targeted during this drilling program.

• The drilling follows up several significant, previously announced (May 12[th] and May 20[th] 2016) RC intersections including:

  • 27m @ 2.65 g/t Au (66-93m) MR16RC004

  • 1m @ 16.7 g/t Au (84-85m) MR16RC006

  • o 1m @ 10.7 g/t Au (9-10m) MR16RC008

• Drilling is designed to test both the down plunge extensions and potential strike extensions of the previously announced high grade gold intersections.

• Targets (T1 and T2) are regarded as high priority. The rig has been mobilized and the program is expected to continue until the end of June 2016.

Managing Director said “ The Mertondale geological model correlates very well with the drill intercepts received to date and interpretation suggests that the two plunging lodes are continuous at depth. It’s pleasing to have a rig back on site after completing a successful capital raising of $1.68M ”.

Competent Persons Statement

The information contained in this report relates to information compiled or reviewed by Mr. Paul Maher who is a member of the (AusIMM) and Mr. Simon Buswell-Smith who is a Member of the Australian Institute of Geoscientists (MAIG), both are employees of the company and fairly represents this information. Mr. Maher and Mr. Buswell-Smith have sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 edition of the “JORC Australian code for reporting of Exploration Results, Mineral Resources and Ore Reserves”. Both consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

Forward Looking Statements

Certain information in this document refers to the intentions of Kin Mining NL, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Kin Mining NL’s actual results, performance or achievements to differ from those referred to in this announcement. Accordingly, Kin Mining NL, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in this announcement will actually occur as contemplated.