POLARX LIMITED — Capital/Financing Update 2015

Dec 3, 2015

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For Immediate Release 4 December 2015 Australian Securities Exchange: CYY

Extension of Voluntary Suspension

Coventry Resources Inc. ( the Company ) requested a voluntary suspension on 2 December 2015 pending the release of an announcement regarding a capital raising ( Financing ).

The Company advises that it is still involved in negotiations in relation to securing the Financing and believes it remains appropriate to remain in voluntary suspension on the basis that the reinstatement of trading in the Company’s securities before completion of these negotiations could impact the success of the Financing.

In accordance with ASX Listing Rule 17.2 the Company advises that:

1. it expects to remain in voluntary suspension pending further negotiations in relation to the Financing;

2. the event that is expected to end the voluntary suspension is an announcement by the Company on the terms of the Financing, which the Company anticipates at this time will be no later than pre-open on Monday 7 December 2015;

3. it is not aware of any reason why the request for voluntary suspension should not be granted by the ASX; and

4. it is not aware of any other information necessary to inform the market about the voluntary suspension.

Yours faithfully

Ian Cunningham Company Secretary

Coventry Resources Inc.

(a limited liability corporation existing under the laws of British Columbia - ARBN 161615783) Australian Registered Office: Suite 9, 5 Centro Avenue, Subiaco Western Australia 6008 PO Box 457, West Perth Western Australia 6872 t: +61 8 9226 1356 f: +61 8 9226 2027 e: info@coventryres.com

www.coventryres.com