PATRONUS RESOURCES LIMITED — Capital/Financing Update 2016

Jun 1, 2016

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----- Start of picture text ----- ASX Code: KIN2 June 2016----- End of picture text -----

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Board of Directors

INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A

46,614,690 (KIN) Terry Grammer Chairman

Trevor Dixon Managing Director

Further to the Appendix 3B lodged on 2 June 2016 for the issue of 12,000,001 fully paid ordinary shares (“Placement”), Kin Mining NL (ASX: KIN ) (or “the Company ”) hereby provides the following information required under ASX Listing Rule 3.10.5A. (a) The dilutive effect of the Placement on existing shareholders is a follows: Number of shares on issue prior to the Placement: 77,512,890 Placement issue under Listing Rule 7.1 (4,721,104 shares) 5.27% Placement issue under Listing Rule 7.1A (7,278,897 shares) 8.13% Total dilution as a result of the Placement 13.40% Number of shares on issue following the Placement: 89,512,891 Further details of the approximate percentage of the issued capital following the completion of the Placement held by the pre-Placement shareholders and new shareholders are as follows. Please note that this information relates specifically in relation to the portion of shares issued under Listing Rule 7.1A (7,278,897). Pre-issue shareholders who did not participate in the Placement 91.87% Pre-issue shareholders who did participate in the Placement 0.00% Participants in the Placement who were not previously shareholders 8.13%

Fritz Fitton

Technical Director

Joe Graziano

Non-Executive Director & 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

Fax 08 9242 1277

Email

info@kinmining.com.au

Website

www.kinmining.com.au

Shares on Issue:

Unlisted Options: 14,925,000 @ $0.20 Expiring 31/08/17

ASX: KIN

KIN Mining NL ACN 150 597 541 342 Scarborough Beach Road, Osborne Park WA

6017 www.kinmining.com.au

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(b) The Company considered the Placement the most efficient and expedient method for raising the funds required to achieve its stated objectives given the funding certainty. The Company also considered that there were significant benefits in introducing sophisticated investors to promote a more diverse shareholder base.

(c) No underwriting agreements were in place for the Placement; and

(d) The Board of Kin agreed to pay a total fee equivalent to 6% on the funds raised pursuant to the Placement in relation to 10,821,429 shares placed by external parties.

For and on behalf of the Board

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Joe Graziano Director/Company Secretary

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