PATRONUS RESOURCES LIMITED — M&A Activity 2016

Jul 13, 2016

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ASX Code: KIN

Board of Directors

Terry Grammer Chairman

Trevor Dixon Managing Director

Rejection of Indicative Non-Binding Proposal by MHM Metals Ltd

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

On Tuesday 12 July 2016, Kin Mining NL (ASX: KIN) received an unsolicited Indicative NonBinding Proposal ( Indicative Proposal ) from MHM Metals Limited (ASX: MHM). The Indicative Proposal contemplates a merger between KIN and MHM The Board carefully reviewed the Proposal with its advisers and concluded that the opportunistic approach significantly undervalues the Company at a time when the Company’s current work program is delivering additional value to shareholders. Consequently, the Board unanimously decided to REJECT the proposal. The Company has been strongly advancing the Leonora Gold Project and undertaking resource definition drilling in preparation for the feasibility study as well as the new appointment of Don Harper as CEO to take the project into production as soon as practicable. The Company remains committed to maximising the value for shareholders and is considering all available options to achieve the best outcome. END

Email

info@kinmining.com.au

Website www.kinmining.com.au

Shares on Issue: 46,614,690 (KIN) 89,937,891

Unlisted Options: 14,500,000

ASX: KIN

KIN Mining NL ACN 150 597 541

342 Scarborough Beach Road, Osborne Park WA 6017

www.kinmining.com.au